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BULLION

GOLD

Present short covering move may continue as long as prices stay above the downside hindrance of 44700.On the other hand, voluminous trades below the same may gradually take prices lower.

SILVER

Present recovery move possibly to stretch higher in the later session. In this positive note, a surprise fall which claim below the 63400 may dent our buying expectation.

ENERGY

CRUDEOIL

By breaking the upside obstacle of 4500 would trigger next stage of buying move. Inability to mark such trades may call a corrective downside move.

NATURAL GAS

Prices possibly to advance towards the previous session levels or even more. But slippage past below 188 may be a sign of intraday weakness.

BASE METALS

Copper

Prices have been consolidating since last few days and we expect prices to float with in the trading range of 671-663. A firm move which breaks either side of the mentioned region could set off fresh directional move.

NICKEL

Decisive trades above the immediate upside hurdle of 1198 may be sign of further price recovery in the later session. Botched attempt to challenge above the same may grab prices lower.

BASE METALS

Zinc

As long as prices stay below 222 region could bid fresh selling in the coming session. A direct rise above the same may boost prices higher

Lead

If prices remained above the Bollinger middle band level of 161.80 could push prices higher. A direct fall below the above mentioned region may squeeze down prices lower.

BASE METALS

Aluminium

Intraday move largely to be north bound if prices remained above the 176.50 region. But dip below the same may cajole fresh selling for today s session.

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