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BULLION

GOLD

Prices likely to consolidate within the trading range of 50480-50950 region. A firm move which breaks either side of the aforesaid region to set fresh directional move.

SILVER

Intraday move largely to be south bound if prices stay below 57400 region. Although a vertical rise above the same would take prices higher in the later session.

ENERGY

CRUDEOIL

A corrective dip below 7940 region could squeeze down prices lower in the session. Which if remain undisturbed may push prices higher towards 8250 region.

NATURAL GAS

As long as prices stay above the downside obstacle of 505 region could invite fresh buying towards 534 or even higher. Fall below 505 may dent intraday buying sentiments.

BASE METALS

COPPER

Recovery trades above 645 could boost prices higher in the session ahead. Failed to move past above the same may eventually push prices lower to 629.

NICKEL

Prices likely to consolidate within the trading range of 2120-1980 region.

ZINC

Intraday weakness may be seen only by decisive trades below 272.50 region. Inability to mark such trades could lift prices higher towards 280.

LEAD

Determined trades above 174.80 region could boost prices higher in the later session. Else could expect weakness in the session ahead.

ALUMINIUM

If prices remain above the downside hurdle of 205 region could expect prices to trade higher. An unexpected fall below the same may induce fresh selling for intraday.

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