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BULLION

GOLD

Prices still have room for gains and possibly to gain momentum if prices remain above 47680 region. An unexpected fall below the same may be sign of long liquidation move.

SILVER

Intraday buying may be seen only by revisiting trades above 66800 region. Botched attempt to challenge above the same may eventually push prices lower.

ENERGY

CRUDEOIL

Present upside trajectory move may persist in the upcoming session. Nevertheless, dip below the downside obstacle of 6290 may be a sign of downside corrective move.

NATURAL GAS

Bulls likely to take charge in the upcoming session and such emerging bullish sentiments may lift prices towards 430. Although a vertical fall through 406 may call fresh selling for today s session.

BASE METALS

COPPER

Intraday buying may activate only by tangible trades above the EMA level of 775 region. Failed to reach above the same may be a sign of intraday weakness.

NICKEL

Prices have been consolidating all these hours, however a direct move which claim above 1562 could boost prices higher. Else we could see a mild consolidation with negative bias.

ZINC

Decisive trades above the upside hurdle of 292 could ignite fresh buying in the upcoming session. Inability to challenge above the same may push down prices further lower.

LEAD

Price slippage below the downside hindrance of 185.50 would be a sign of intraday weakness. Else hold the broad buying in the upcoming session.

ALUMINIUM

If prices remain above the downside hindrance of 233.70 region could expect prices to rebound higher. On the flipside, a corrective fall below the same may bid fresh long liquidation move.

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