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BULLION

GOLD

Solid trades above the upside obstacle of 45200 could boost prices higher. Else, hold the same for further corrective move in the later session.

SILVER

Major weakness may set off only by tangible trades below 66600 region. Which if remained undisturbed could lift prices to higher levels.

ENERGY

CRUDEOIL

Dip below 4620 would be a sign of long liquidation move in the later session. But there is equal plausible chance of price recovery if price failed to reach below 4620.

NATURAL GAS

Simmering weakness likely to continue if prices remained below 189 region. Although reclaiming trades above the same may eventually take prices higher

BASE METALS

Copper

Decisive trades above the upside obstacle of 675.50 could boost prices higher Nevertheless, botched effort to challenge above the mentioned region may push prices lower.

NICKEL

Broad weakness still intact and possibly continue in the coming session towards the downside objective of 1140 or even lower. However, retreating trades above 1174 could lift prices higher.

BASE METALS

Zinc

Intraday buying may be seen only above 219.80 region. Failed to march past above the same could push prices lower in the later session.

Lead

Present short covering move possibly to uphold if prices remained above 159.70 region. But dip below the same may squeeze down prices lower

BASE METALS

Aluminium

Present buying sentiments possibly to stretch higher. But a direct fall below 174.50 region may dent our buying sentiments.

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