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BULLION

GOLD

Prices have been nearing to downside obstacle of 44100, which if crossed, weakness may extend. Else hold the same for a price rebound.

SILVER

Solid trades above the EMA level of 67100 may lift prices higher. Failed attempt to activate such move may be sign for further weakness.

ENERGY

CRUDEOIL

Next stage of bullish move may trigger only above the Bollinger upper band level of 4885 region. Else could expect a long liquidation move in the upcoming session.

NATURAL GAS

Prices possibly to consolidate in the range of 191-198. Although a sharp move which move past above or below the mentioned region may set the direction for today session.

BASE METALS

Copper

Current feebleness of prices possibly to prolong as long as prices stay below 678 region. Even though determined trades above the same may gradually lift prices higher

NICKEL

Present weakness may stretch lower in the coming session towards the downside objective of 1140 or even lower. Rise above 1170 would be early sign of intraday price recovery.

BASE METALS

Zinc

Prices possibly to float within the trading range of 220-214.20. A decisive move which breaks either side of the above recommended region could set off fresh directional move.

Lead

Next phase of weakness may be seen only below 157 region. Inability to challenge below the same could boost prices higher.

BASE METALS

Aluminium

Since prices broke the downside hurdle of 171, weakness may persist in the coming session. But a reversal move which sustain above 171.70 could push prices higher.

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