Bullion:
Gold prices are expected to trade within a range from 31250 to 31500. One can buy on dip around 31370 with a stop loss below 31250.
Silver prices are resisting at 62400 which is the downward sloping trendline. Prices can test 61400 – 61200 on lower end. Fresh buying recommended above 62400.
Base Metal:
Copper prices are likely to trade sideways from 434 to 440. One can trade within the range with a positive bias
Nickel prices are expected to test 920 one can look to buy the counter around 920 with a stop loss below 905
Lead prices are expected to test 114 on lower end which seems to hold. For intraday one can buy with a stop loss below 113.
Energy:
Crude price are expected to trade lower to the tune of 4830 -4800, one can sell on rise around 4890 -4900 with a small stop loss above 4920.
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