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BULLION

Gold

Diverging MACD lines after bearish crossover suggest persistence of weakness. Revisiting above the 58900 region may strengthen the prices.

Silver

MACD Bearish divergence suggest the possibility of weakness. However, rebound above 69900 may strengthen the prices.

Crude Oil

Extended dip below 5580 may induce weakness. Steady gains above 5740 may strengthen the prices for the day

Natural Gas

MACD Bullish divergence rule out the possibility of major weakness. Rebound above 221 may strengthen the prices. However, dip below 209 region may induce weakness.

BASE METALS

Copper

Sustained trades below 727 may induce further weakness. Rebounds expected to sustain only below 730.70.

Nickel

Thin volume trades seen.

Zinc

Intraday moves expected to be range bound. Rebound above 217 may strengthen the prices for the day.

BASE METALS

Lead

Range bound trades may be seen. Dip below 183.30 may induce weakness.

Aluminium 

Weakness may continue if prices dip below 201 may weaken the prices. A rebound above 204.30 may strengthen the prices

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