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BULLION

GOLD

If prices stay above the Bollinger lower band level of 46730 region prices may move higher for today’s session. But slip below the same may eventually push prices lower.

SILVER

Prices possibly to trade higher in the upcoming session if prices stay above the downside obstacle of 67400 region. Even in this positive note, a corrective fall through the same may grab prices lower.

ENERGY

CRUDEOIL

Next phase of buying may initiate only by tangible trades above 5470 region. Failed to achieve trades may bid a long liquidation move in the later session.

NATURAL GAS

Ensuing buying sentiments likely to uphold in the coming session if prices stay above the 234 region. On the other hand, a corrective move which sustain below the same may dent our buying sentiments.

BASE METALS

COPPER

Major prices recovery may be seen only above the upside hurdle of 705 region. Which if remain undisturbed could anticipate further downside corrective move.

NICKEL

Intraday move largely to be northbound if prices stay above the 1309 region. However, a direct fall through the above mentioned region may squeeze down prices lower.

ZINC

As long as price remain above 232.50 region could expect prices to trade higher. In this positive note, a surprise fall below the same may be a sign of intraday weakness.

LEAD

Prices yet to mark trades above 173 for active intraday buying. Else hold the same for a downside corrective move in the later session.

ALUMINIUM

As long as prices remain below the Bollinger middle band level of 192.60 could expect further weakness in the coming session. Although solid trades above the same could boost prices higher.

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