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BULLION

GOLD

Determined traded above the upside hurdle of 47720 could trigger fresh buying. Inability to challenge trades above the same may phase out intraday recovery expectation.

SILVER

Reclaiming trades above 61550 could lift prices higher. Else could expect further profit booking in the session to come towards 60400 or even more.

ENERGY

CRUDEOIL

Price still have room for gains and largely to stretch towards 5940 firstly then to 5990. On the other hand, a surprise fall below 5820 may dent our buying expectation.

NATURAL GAS

Present long liquidation move may sustain only below 294 region. Else hold the same for prices to scale higher to 312 or even more to 318.

BASE METALS

COPPER

Regaining trades above 739.50 region could activate intraday buying in the upcoming session. Which if remain undisturbed may expect further weakness in the later session.

NICKEL

Ensuing buying sentiments possibly to stretch higher towards the price objective of 1605 or even more to 1617 region. But a corrective fall below 1582 may push prices lower.

ZINC

A vertical fall below through 285.20 may be sign of intraday weakness. Failed to mark such trades may bid fresh recovery move towards 290 region.

LEAD.

Slippage below 184.80 may bid intraday weakness in the upcoming session. Inability to challenge below the same may invite fresh buying in the upcoming session.

Aluminium

Prices look exhausted after recent gains and intraday move is possibly to trade lower towards 230 region. However, recovery trades above 233.40 could boost prices higher in the later session.

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