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BULLION

GOLD

Witnessing weakness possibly to extend towards the downside objective of 49700 or even lower. Although recovery trades above 50020 may lift prices higher

SILVER

Prices need to challenge above the upside hurdle of 65300 region to initiate next stage of buying sentiments. Failed to move past above the same may eventually push prices lower.

ENERGY

CRUDEOIL

Volatile price moves possibly to continue in the upcoming session. Looking ahead, broad buying may find pace only by solid trades above 6960 region. Else could anticipate prices to trade lower.

NATURAL GAS

Dip below the Bollinger middle band level of 329 could trigger a long liquidation move in the later session. If not, could expect prices to recoup higher to 342 or even more.

BASE METALS

COPPER

Prices seen nearing to 772 region, which if breaks could boost prices higher. Botched efforts to mark such trades may induce fresh selling in the session ahead.

NICKEL

Intraday weakness may be seen only by decisive trades below 1832 region. Else broad buying to continue towards the upside objective of 1774.

ZINC

Prices need to sustain above the upside hurdle of 300 region to trigger fresh buying towards the upside objective of 302.90. Botched attempt to challenge above 300 may dent intraday buying sentiments.

LEAD

Witnessing buying sentiments may persist only by tangible trades above 186.30 region. Which if remain undisturbed may push prices lower.

ALUMINIUM

If prices remain below 265.80 could expect prices to trade lower in the upcoming session. Revisiting trades above the same may retain broad buying in today s session.

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