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Gold Mini Jun/ LBMA Spot Gold
Expect pullback rallies to continue as prices cleared the stiff resistance of $1288. Downside turnaround point is seen at $1272.
Silver Mini Jun/ LBMA Spot Silver
Prevailing mild weakness likely to continue as long as prices stay below $14.60. Strong rallies are expected only a break of $15.10.
Weakness likely to continue as prices break the support of 415. Upside turnaround point is seen at 422.
Expect the recovery moves to continue as prices close above 870. Further weakness is expected only a close below 855.
Lead Mini Jun
Pullback rallies expected to continue as long as prices stay above 147.
Zinc Mini Jun
Expect a choppy trade inside 212.50-207 levels initially. Breaking any of the sides would suggest fresh direction to the commodity.
Inability to move past 147 expect continuation of selling pressure.
Crude Oil Jun/ NYMEX Crude
As prices cleared the support of $57, expect to extend the selloffs to $55.50/54 or more. Upside turnaround point is seen at $60. MCX support at 3970. Res 4300.
Natural Gas Jun
Expect a choppy trade inside 190-175 levels. Breaking any of the sides would suggest fresh direction to the commodity.
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