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BULLION

GOLD

Present weakness may extend only by tangible trades below 47220 region. Failed to challenge below the same may be sign of fresh buying in the coming session.

SILVER

Previous session weakness largely to continue as long as prices remain below 64400 region. Conversely, revisiting trades above the same may boost prices higher in the later session.

ENERGY

CRUDEOIL

Profit booking can be seen if prices remain below 6205 region. However, a direct rise above the same may induce fresh buying in the upcoming session.

NATURAL GAS

Prices still have room for gain and possibly to scale towards 421 or even more. But an unexpected fall below 406 may be a sign of intraday weakness.

BASE METALS

COPPER

Intraday trend seen positive but need to challenge above 752 to extend buying sentiments. Inability to crack above the same may bid fresh selling in the session to come.

NICKEL

Wild price moves have been witnessing on commodity. Reclaiming trades above 1530 would be a sign of fresh recovery move in the upcoming session. Else hold the same for dip towards 1490.

ZINC

Prices possibly to trade with in the trading range of 281-286. A decisive move which come across either side of above-mentioned levels could set out intraday directional move.

LEAD

If prices sustain to trade above the immediate obstacle of 188.90 could lift prices higher. Else hold the same for a downside corrective move in the upcoming session.

ALUMINIUM

Intraday move is expected to be northbound if prices stay above 217.80 region. But slippage below the same may dent our buying expectation.

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