As mentioned yesterday a nice recovery infact a decent recovery was seen in Gold & Silver and bears were killed badly. Again change in sentiment was seen. Gold is still trading above $945 & Silver above $13.28 which were Stops for bears. Lets see when we see the sentiment change again.
Aluminium broke all levels and as mentioned on 18th March Aluminium touched 72 yesterday. A close above 72.2 can show a significant move for 73.4/75.4/77 levels soon.
Crude again showed strength and kissed $52 in international market and 2655 (previous resistance in INR) and there some profit booking was seen. It is still positive and buy on dips item.
Bulls & bears are still fighting in base metals and a clear trend is yet to be seen although bulls were seen taking over bears at last.
Due to expiry today Natural Gas has seen an unbelievable spurt from the lower levels to the higher circuit level yesterday. After making a low of 185.1 it has risen up to 210.2 this is what called power of expiry.
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