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BULLION

GOLD

Intraday buying may be seen only by promising trades above the upside obstacle of 47140 region. Failed to challenge above the mentioned region would seize down prices lower.

SILVER

Prices still trapped in a congestion region since last few days. However, a solid move which sustain above the 70200 could boost prices higher. Inability to challenge above the same may grab prices lower.

ENERGY

CRUDEOIL

Broad buying still intact and largely to continue in the coming session. But there is equal plausible chance of a long liquidation if prices close below the downside support level of 5375 region.

NATURAL GAS

Witnessing buying likely to persist to in the coming session. Even in this positive note, a surprise fall below 252 may be a corrective fall towards previous session lows.

BASE METALS

COPPER

Intraday move largely to be southbound if prices stay below the 729.80 region. However, a sudden move above the same may push prices higher in the later session.

NICKEL

Broad buying still intact, but need to mark challenging trades above 1383 for the continuation of such move. Failed to float above the same may gradually push prices lower.

ZINC

Present buying sentiments may extend only by promising trades above 237.70 region. Else hold the same for a downside corrective move in the later session.

LEAD

Prices likely to consolidate further in the trading range of 171-173.50. A decisive move which breaks either side of the mentioned region could set fresh directional move.

ALUMINIUM

If prices remain above the downside obstacle of 193.20 region could expect prices to trade higher. In this positive picture, a direct fall through the same may grab prices lower.

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