As expected Gold, Silver & Natural Gas crashed badly & gave good money intraday. Some recovery is expected today as there was huge selling seen yesterday.
Huge profit booking seen in base metals at higher levels and bear volume has increased significantly. Looks like bulls are losing power & are not able to sustain prices at higher levels. A nice fight between bulls & bears is seen so lets see who wins. Time will tell.
Zinc shows some signs of weakness so we can short on rise till 62.4 with SL as 63.5
Aluminium is still positive and yesterday intraday it has breached its solid resistance of 69.5 & made a high of 69.75 so above 69.85 level we should see more gains.
Natural Gas is looking even weaker. More fall to come.
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