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BULLION

GOLD

Consolidation still progressing with mild swings. However, if prices remain above the downside hindrance of 50550 may bid fresh buying in the upcoming session. A corrective fall below the same may squeeze down prices lower.

SILVER

Prices have been approaching towards the downside hurdle of 59500 region, which if breaks could extend weakness in the session ahead. On the other hand, failed to close below the same may push prices higher.

ENERGY

CRUDEOIL

Determined trades above 8790 would be a sign of price recovery in the session ahead. Else could expect prices to turn lower in the later session towards 8470 region

NATURAL GAS

Weakness may persist towards the downside objective of 502 or even lower in the session ahead. But retreating trades above 528 may eventually push prices higher.

BASE METALS

COPPER

By breaking the downside hindrance of 695 region could trigger fresh selling in the upcoming session. Which if remain undisturbed could boost prices to 710 region or even higher.

NICKEL

Broad consolidation likely to continue in the upcoming session within the trading range of 2010-2095.

ZINC

Present bearish sentiments likely to continue towards the downside objective of 293.50 or even lower. Although recovery trades above 298 would be a sign of fresh recovery move.

LEAD

Weakness may stretch lower towards the downside objective of 174 or even lower to 171.80 region. But recovery trades above 177 could boost prices higher.

ALUMINIUM

Major weakness may be seen only below the downside hurdle of 208 region. Which if remain undisturbed could lift prices higher in the later session.

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