Nirmal Bang has come out with its report on metals and energy. According to the research firm today Goldmay trade in 27450-27800 range.
Gold prices tested the middle Bollinger band and also tested the strong resistance at 27750 -27800. Prices are expected to cool off around 27500. For the day looks to trade within the range of 27450 – 27800. Oscillators are turning positive.
Silver prices tested the resistance area around 53500 -53800, one can expect profit booking and witness selling pressure on the counter. Prices can test 52550 - 300 which seem to act as a support. MACD having a positive cross over
Copper prices are likely to test 411 -409 on lower end. One can enter long around 409 with a stop loss of 405.Oscillators are suggesting positive move ahead.
Nickel prices are likely to be in a range from 1010 to 980. One can buy on dips and sell on rise within the range.
Aluminium prices are expected to test 108- 107.70 which seem to act as a strong support for the counter. One can enter long around 107.80 with a stop loss of 106.40 for the upside target of 111. Oscillators are in positive zone.
Crude prices are expected to trade positive. one can buy around 5410 – 5390 with a stop loss of 5350. oscillators are in position
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