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Technical Commentary

Gold

Break above $1870 will take prices further higher. Else, there are chances of choppy with corrective selling.

Silver

While prices stay above $25 it may continue the rallies for the day. Immediate reversal point is seen at $23.

Crude Oil

A turnaround in prices can be seen if it unable to break the support of $80. A close below $78.50 would trigger major liquidation pressure.

Technical Commentary

Gold KG

Prices continue to be choppy with mild positive but it required to break $49400 to trigger major rallies. A close below 47800 is a weak signal.

Silver KG

Inability to move past Rs 67500 there are chances of corrective selling. Otherwise it may continue rallies.

Crude Oil

Break below 5850 would extend selling pressure. Else, recovery upticks can be seen today.

Natural Gas

Inability to break the support of 345 upticks can be seen today. A direct dip below the same is a sign of weakness.

Copper

Expect a range bound trading inside 725-747 levels and breaking any of the sides would suggest fresh short term direction.

Nickel

Upticks may continue while Rs 1485 hold the downside. Consistent trades below the same is a weak signal.

Zinc

Further rallies expected only a close above 282. Otherwise corrective selling pressure is on cards.

Lead

A direct break below Rs 186 would trigger major liquidation. Else, turnaround in prices are likely.

Aluminium

Corrective selloffs are likely as long as the resistance of 215 remain caps the upside.

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