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BULLION

GOLD

Major weakness in expected only below the Bollinger lower band region of 47660. Meanwhile, a rebound above 47900 may strengthen prices.

SILVER

Next phase of weakness expected only below the horizontal support of 67500. Mild rebound may be seen if prices fail to break below the same region.

ENERGY

CRUDEOIL

Prices may appear firmer if rebound above the Bollinger mid-band region of 5140. Else, corrective moves may be witnessed in the counter.

NATURAL GAS

Firm trades above Bollinger mid-band region of 306 would lift prices higher. Whereas a steep corrective fall below the same region may weaken the prices for the intraday.

BASE METALS

COPPER

Initial move may be point to higher but need to challenge above 734 to extend further. If not , may expect further downside corrective move by hold the same.

NICKEL

A major recovery move may establish only by solid trades above 1480 region. Which if remain untouched could limit present upside move and gradually take prices lower.

ZINC

If prices remain above the upside hurdle of 243.80 could expect prices to turn higher. In this positive note a direct fall below the same may dent our buying expectation.

LEAD

Sustain trades above the 245 would be a sign of short covering move in the coming session. Even in in this positive note, an unexpected fall below the same may dent out buying expectation.

ALUMINIUM

Substantial trades above the upside hurdle of 178 could boost prices higher. Inability to challenge above the same may gradually take prices lower to 176.

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