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BULLION

GOLD

Breaking off the upside obstacle of 46850 could trigger fresh buying in the upcoming session. Inability to challenge above the same may be a sign of downside corrective move.

SILVER

Intraday weakness may be seen only by tangible trades below 60400 region. Else could expect present short covering move to sustain and extend higher.

ENERGY

CRUDEOIL

Broad buying still intact and possibly to strengthen in the upcoming session. But an unexpected fall below 5245 may call a long liquidation move.

NATURAL GAS

Intraday buying may withstand only by tangible trades above the 364 region. Which if remain undisturbed would be a sign of long liquidation move in the later session

BASE METALS

COPPER

Decisive trades above the upside hindrance of 713 may boost prices further higher. Botched attempt to win such trades may be sign of intraday weakness in the session to come.

NICKEL

Intraday move is expected to be north bound if prices stay above the 1438 region. Even in this positive sentiments a surprise fall below the same may grab prices lower.

ZINC

As long as price remain above the downside level of 256.70 could expect prices to trade higher. Even in this positive sentiments, a direct fall below the same may dent our buying expectation.

LEAD

Prices necessitate to challenge above the immediate hurdle of 187.40 for further buying sentiments. Failed to challenge above the same may eventually push prices lower.

ALUMINIUM

Fall past below 229.30 may be a sign of long liquidation move in the coming session. Else hold the same for further price recovery in the upcoming session.

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