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Technical Commentary

Gold

A turnaround is possible as long as the support of $1780 hold the downside. An unexpected drop below the same would negate the trend and liquidate further.

Silver

Prices continue to trade inside $25.50-22.50 levels initially. Breaking any of the sides would suggest fresh short term direction.

Crude Oil

While prices stay below $74 expect a choppy with mild negative bias. Anyhow, further major liquidation is seen only a close below $66.

Technical Commentary

Gold KG

Prices continue choppy with negative while it stays below the support of 48600. Anyhow major support is seen at 47100.

Silver KG

As long as prices stay below Rs 64500 likely to continue weak bias. A direct rise above $67000 is a positive signal.

Crude Oil

As long as prices stay below Rs 5400 would extend selling pressure. Immediate upside turnaround point is seen at Rs 5980.

Natural Gas

Expect a weak opening but it may continue weakness only consistent trades below 380. Further rallies can be seen if it breaks above 405.

Copper

Choppy trading is likely as long as the 737 remains caps the upside. Major support is placed at 714.

Nickel

Mild negative bias trading expected initially. However a direct break above Rs 1600 is needed to trigger fresh rallies.

Zinc

If the support of 265 remains holds, expect a turnaround in prices today.

Lead

A direct break of Rs 184 would continue selling pressure. Otherwise recovery upticks are on cards

Aluminium

Consistent trades below Rs 210 expect weakness to continue the day as well. Further rallies are seen only a break of 218.

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