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BULLION

GOLD

Diverging MACD lines suggest the possibility weakness in the intraday. However, selling pressure would sustain only below 45700 region. Or else, prices may witness rebounds in the intraday.

SILVER

As we said, prices may continue in the trading range of 61600-60500. A firm move past either side of the mentioned region could set the intraday directional move.

ENERGY

CRUDEOIL

Prevailing upward movement in prices may find resistance near 5480, above which, prices may appear firmer. Meanwhile, prices may witness correction holding the same resistance.

NATURAL GAS

Prices expected remain firmer as long as prices trade above the 368 region. Meanwhile, a sharp fall below the same can induce weakness in the counter.

BASE METALS

COPPER

Range bound movement expected to witness in the counter for the intraday. A firm move above 717.20 may strengthen the prices, while a dip below 708 may add selling interest.

NICKEL

Intraday movement may be range bound with mild negative bias. However, an unexpected rise above 1474 may strengthen the prices.

ZINC

Prices may appear firmer above 260 region. Inability to break above the same region can induce corrective moves in the counter.

LEAD

Next stage of bullish momentum expected only above 185 region. Else corrective dips may be seen in the intraday.

ALUMINIUM

Diverging MACD lines suggest the possibility of bullish sentiments. However, a dip below 230 may weaken the counter.

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