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Technical Commentary

Gold

Choppy with mild positive bias can be seen if it remain hold the support of $1745. Anyhow, immediate resistance is seen at $1800.

Silver

Breaking the resistance of $24.50 is needed to continue rallies. Else, expect a choppy with negative bias trading for the day.

Crude Oil

Prices continue to move upwards as long as it stays above $79.50. A direct drop below the same is a short term signal for correction.Prices continue to move upwards as long as it stays above $79.50. A direct drop below the same is a short term signal for correction.

Technical Commentary

Gold KG

If the support of 46200 remains holds, expect mild positive bias in the counter. Else, expect corrective selling.

Silver KG

Inability to move past Rs 66000 there are chances of corrective selling pressure. A direct rise above would extend the bullish sentiments.

Crude Oil

Initial bias likely to be choppy but there are potential upsides still on cards as long as the support of 5980 remain undisturbed.

Natural Gas

Corrective selloffs are likely if prices are unable to move past 418. Major support is seen at 348.

Copper

Break above 812 is needed to continue rallies. Else, there are chances of choppy with corrective selling pressure for the day.

Nickel

Break below 1535 would extend corrective selloffs. Else, expect a choppy trading for the day.

Zinc

If 304 remain caps expect selling pressure for the day. A direct rise above is a buying signal.

Lead
Prices continue to be volatile inside 185-189 levels initially and breaking any of the sides would suggest fresh direction for the day.

Aluminium

Choppy with mild negative bias trading may continue while prices stay below 242.

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