Gold Mini Dec/ LBMA Spot
Gold If prices cross above $1478, intraday bias largely on the higher side towards $1494 followed by $1510 levels. Inability to move past the same would see corrective selling pressure. However, consistency below $1455 is required to trigger major liquidation towards $1420/1380 levels. MCX GoldM Dec: Res at 38450. Sup: 37300.
Silver Mini Nov/ LBMA Spot Silver
While prices stay above $16.60 expect recovery moves initially towards $17.20 followed by 17.80 levels. An unexpected drop below $16.60 would take prices lower towards the downside turnaround level of $15.20. MCX Nov: Res at 45500. Sup: 44100.
As prices cleared the support of 437 expect selling pressure to continue the day. Turnaround point is seen at 442.
Liquidation pressure likely to continue as long as prices stay below 1138.
Lead Mini Nov
Inability to break 158 expect selling pressure in the counter which would take prices towards 153 or more later.
Zinc Mini Nov
Support of 191 needs to be cleared for continuation of selling pressure. Else, may see recovery upticks for the day.
While prices stay below 133 expect selling pressure to continue the day. Upside turnaround point is seen at 136.
Crude Oil Dec/ NYMEX Crude
Resistance of $58.50 needs to be cleared for continuation of further upticks in the counter. Else, may see corrective selling pressure towards the support of $56 initially followed by $54.50. Break above $58.50 next resistances are $60.40/63. MCX support at 4020. Res 4180.
Natural Gas Nov
While prices stay below 189 expect selling pressure to continue the day towards 184 or even more.
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