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Technical Commentary

Gold

Break above $1880 prices may edge further higher. Else, there are chances of choppy with corrective selling.

Silver

Expect a choppy trade inside $25.50-23 levels expected initially. Breaking any of the sides would suggest fresh direction for the day.

Crude Oil

Immediate support is seen at $77. Break of which would extend selling pressure. Else, a turnaround is possible.

Technical Commentary

Gold KG

Prices continue to be choppy with mild positive as long as it hold the support of 48600. A close below 47800 is a weak signal.

Silver KG

Inability to move past Rs 67500 there are chances of corrective selling. A direct break of which would continue fresh rallies.

Crude Oil

Break below 5850 would extend selling pressure. Immediate turnaround point is seen at 5980.

Natural Gas

Expect a choppy trading initially. However, a direct dip below 345 is a sign of weakness.

Copper

Selling pressure likely to continue while prices stay below 725. Further rallies are seen only a break of 742.

Nickel

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

Zinc

If the support of 262 remain hold the downside, expect recovery upticks. Else, weak bias would extend in the counter.

Lead

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

Aluminium

A direct drop below 200 is a sign of another round of liquidation pressure. Otherwise, chances of recovery upticks are in the cards.

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