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Technical Commentary

Gold

While prices stay above $1780 expect rallies to continue the day. Else, there are chances of weak trading.

Silver

Breaking the resistance of $25 is needed to continue rallies. Otherwise a correction in prices is likely for the day.

Crude Oil

Bullish outlook will continue while prices stay above $80. Selloffs can be seen only a close below $78.

Technical Commentary

Gold KG

Intraday outlook remains on the positive side as long as Rs 47000 hold the downside.

Silver KG

If 64500 remain undisturbed, expect recovery rallies for the day. A direct drop below 62500 is a weak signal.

Crude Oil

Positive bias ma continue the day as well. Downside reversal point is seen at 5980.

Natural Gas

Choppy with mild positive bias expected as long as the support of 418 remain undisturbed. Major support is seen at 348.

Copper

Recovery upticks are likely for the day. A close below 755 is a weak signal.

Nickel

A direct drop below 1524 is needed to trigger weakness. Else, buying sentiments will continue in the counter.

Zinc

Expect a choppy with mild negative bias trading initially. However, break below 252 is a weak signal.

Lead

Prices continue to be volatile inside 185-189 levels initially and breaking any of the sides would suggest fresh direction for the day.

Aluminium

If the support of 230 remain holds the downside expect recovery upticks. Anyhow, major resistance is seen at 242.

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