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Kedia Commodities
Published on 18-03-2026 12:50 pm
SELL GOLD APR @ 157000 SL 158200 TGT 155500-154500. MCX
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Kedia Commodities
Published on 18-03-2026 12:49 pm
SELL ZINC MAR @ 320 SL 323 TGT 317-315. MCX
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Kedia Commodities
Published on 18-03-2026 12:49 pm
SELL COPPER MAR @ 1182 SL 1190 TGT 1172-1162. MCX
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Kedia Commodities
Published on 18-03-2026 12:49 pm
SELL ALUMINIUM MAR @ 342 SL 345 TGT 339-337. MCX
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ICICI Direct
Published on 18-03-2026 12:35 pm
Energy Outlook
* NYMEX crude oil is expected to remain volatile amid ongoing conflict between US and Iran. Prices would get support amid effective closure of the strait and continued attacks on ports which has forced most of the Middle east nations to shutdown its oil production temporarily. Meanwhile, resumption of oil supply from Turkey’s Ceyhan energy hub could ease supply concerns. In addition to this, US military’s operation on Iranian coastal positions near the Strait of Hormuz have raised hopes of oil supplies. For the day, investors will eye on weekly inventory data to get more cues. NYMEX crude is likely to move in a broader range of $91 and $98.
* MCX Crude oil April is likely to move in a broader range of Rs.8500 and Rs.9200. Only a move below Rs.8500 it would slip towards Rs.8200.
* MCX Natural gas March future is expected to dip towards Rs.274-275 zone as long as it trades under Rs.290. Rising US gas output and waning winter demand would hurt gas prices
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