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BULLION:

Gold:

MACD bearish divergence suggest mild weakness. However, a voluminous rebound above 62200 may strengthen the prices.

Silver:

Range bound moves expected in the counter. Rebound may sustain only with steady gains above 72150 region.

ENERGY:

Crude Oil:

Mild rebounds possible in the counter. Prices may further strengthen above 6240 region. Meanwhile, weakness can be witnessed if prices dip below 6090 region.

Natural Gas:

An extended dip below 216 may induce weakness as well. However, prices may strengthen with voluminous rebound above 229 region.

BASE METALS:

Copper:

Range bound moves expected. However, a rebound above 722 region may strengthen the prices.

Nickel :

Lack of volume in the counter

Zinc:

Extended dip below 218.30 region may induce weakness. Rebounds may strengthen above 222.20 region

BASE METALS:

Lead:

Weakness may continue of prices dip below 179. Recovery moves may strengthen above 181.50 region.

Aluminium:

Mild weakness to prevail in the counter. Rebound may strengthen above 201.20.Mild weakness to prevail in the counter. Rebound may strengthen above 199.60

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