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BULLION

Gold

Fresh buying may be seen only by closing trades above the formidable region of 48900 region. Failed to close above the same may induce selling pressure for today’s session.

SILVER

Intraday price recovery may further materialize only by successful trades above the Bollinger middle band level of 71800 region. Inability to withstand above the same may push prices lower.

ENERGY

CRUDEOIL

By breaking the upside obstacle of 5080 could trigger fresh buying in the coming session. Failed attempt to challenge above the same may grab prices lower.

NATURAL GAS

Intraday move is expected to be southbound if prices stay below the major upside obstacle of 230 region. While a direct rise above the same may boost prices higher.

BASE METALS

Copper

Next stage of bearish move may initiate only by decisive trades below 730 region. Else hold the same for price rebound towards the higher levels in the coming session

NICKEL

Witnessing weakness may continue in the coming session if prices stay below the 1309 region. On the other hand, persistent trades above aforementioned region may eventually lift prices higher.

ZINC

The upside momentum may strengthen only by stable trades above 236.20 region. Which if remain untouched may squeeze down prices lower.

LEAD

As long as prices hold the upside hindrance of 170.80 region could register further weakness in the coming session. Meanwhile, swing above the same could be uptrend continuation.

ALUMINIUM

If prices remain below the upside obstacle of 192 could anticipate further weakness on counter. However, a sturdy move which sustain above the same could lift prices higher.

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