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BULLION

GOLD

Prices still trapped in congestion region with lack of directive moves. However, solid trades above the upside hurdle of 47400 may lift prices higher. Else could expect prices to trade lower with consolidation

SILVER

Intraday move is expected to be northbound if prices stay above 63200 region. In this positive note, a surprise fall below the same may bid fresh selling in the upcoming session.

ENERGY

CRUDEOIL

A long liquidation move is likely to take off in coming session unless prices sustain above 5170 region. But rise above the same may induce fresh buying in the coming session.

NATURAL GAS

Broad buying may continue in this session. But even in this buying sentiments, a corrective move which claim below 334 may be a sign of long liquidation move in the later session

BASE METALS

COPPER

Prices expect gain support around 708 region for a price rebound. But a corrective dip below the same with decisive trades may grab prices lower.

NICKEL

A consolidation is progressing and possibly to trade with in the trading range of 1427-1446 region. A firm move which breaks either side of the mentioned region could set off fresh directional move.

ZINC

Next stage of price recovery may be seen only above 246.20 region with solid trades. Which If remained untouched could anticipate a downside corrective move

LEAD

Present buying largely to continue but need to challenge above the upside hurdle of 182.50 to extend further. Else hold the same for a long liquidation move.

ALUMINIUM

If prices remain above the downside hurdle of 211.50 could expect ongoing buying momentum to continue. However, fall past below the same may squeeze down prices lower.

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