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Technical Commentary

Gold

While prices stay above $1780 expects choppy with mild positive bias trading for the day. Else, there are chances of corrective selloffs.

Silver

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

Crude Oil

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

Technical Commentary

Gold KG

Break above 48500 is needed to continue rallies. Otherwise corrective selloffs likely in the counter.

Silver KG

A direct drop below 62500 is required to continue the weak signal. Inability to do so, can see a choppy trading.

Crude Oil

Positive bias to continue while the support of 6100 remain undisturbed. Anyhow, downside reversal point is seen at 5980.

Natural Gas

Choppy with mild positive bias expected as long as the support of 431 remain undisturbed. Major support is seen at 398.

Copper

Choppy with mild negative bias trading expected the day. A close below 755 is a major weak signal.

Nickel

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

Zinc

If the support of 278 holds the downside, expect recovery upticks for the day. Else, it may see continuation of weakness.

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

While prices stay below 230 weak bias likely to continue the day. Anyhow, major resistance is seen at 242.

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