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BULLION

GOLD

Divergence in MACD oscillators after bullish crossover suggest the possibility of further buying in the counter. However, a dip below 47400 could induce intraday weakness.

SILVER

Prices still trade within the range of 68500-69700 region. Firm trades beyond either of these levels could set intraday direction.

ENERGY

CRUDEOIL

Prices look exhausted after recent rally, and we expect prices to turn lower unless prices closed above 5570 region. But retreating trades above the same may lift prices higher.

NATURAL GAS

Price possibly to turn lower in today's session if prices stay below the upside hindrance of 277 region. But determined trades above the same may entice fresh buying .

BASE METALS

COPPER

Intraday move is expected to be northbound if prices remain above the 721 region. In this positive note, a corrective move which settled below the same may dent our buying sentiments.

NICKEL

As long as prices stay above the downside hindrance of 1380 could expect further buying in the coming session. But a corrective fall below the same may gradually push prices lower.

ZINC

Present buying sentiments likely to continue in the coming session. However, a sudden fall through 239.50 may squeeze down prices lower towards the Bollinger middle band level of 237.60.

LEAD

Further buying could see only above 180.50 region. Failed to crack above the same may gradually push prices lower in the later session.

ALUMINIUM

Prices necessitate to challenge above the upside hurdle of 199 region to activate intraday buying. Inability to mark trades above the same may push prices lower.

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