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Technical Commentary

Gold

A direct break above $1800 prices would liquidate further. Else, there are chances of choppy with recovery upticks for the day. 

Silver

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

Crude Oil

A turnaround is possible if the support of $74 remains hold the downside. Major resistance is seen at $81.

Technical Commentary

Gold KG

While prices stay below the support of 48600 there are chances of extending the selloffs. Anyhow major support is seen at 47800.

Silver KG

Corrective selling is likely while prices stay below Rs 67500. A direct break of which would continue fresh rallies.

Crude Oil

As long as prices stay below 5850 would extend selling pressure. Immediate turnaround point is seen at 5980.

Natural Gas

Inability to move past 345 there are chances of recovery upticks in the counter. An unexpected drop below the same is a weak signal.

Copper

Further selloffs can be seen only a close below 725. Else, potential upside is on the cards for the day.

Nickel

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

Zinc

Bullish outlook to continue while the support of 268 remain undisturbed. A direct drop below 262 is a signa of weakness.

Lead

While prices stay below Rs 186 liquidation pressure likely to continue the day. Recovery upticks can be seen only a break above 190.

Aluminium

A direct rise above 215 would extend rallies. Else, it may see weakness the day.

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