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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 choppy trading expected the day.

Crude Oil

Initial moves likely to be on the downside but such moves are extended only a break of $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 trigger weakness. Inability to do so, can see a choppy trading.

Crude Oil

If the support of 6100 remain undisturbed expect slight recovery upticks. Anyhow, downside reversal point is seen at 5980.

Natural Gas

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

Copper

As long as prices stay below 755 expect to extend the weak momentum. A direct rise above 778 could negate the view.

Nickel

While prices stay below 1524 likely to trigger weak momentum. Else, buying sentiments will continue in the counter.

Zinc

If the support of 274 holds the downside, expect recovery upticks for the day. Else, it may see continuation of weakness.

Lead

Prices continue to be volatile inside 184-189 levels initially and breaking any of the sides would suggest fresh direction for the day.

Aluminium

Corrective selloffs may continue as long as 220 caps the upside. Further rallies are seen only a break above 232.

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