Yesterday a nice rally was seen in base metals wherein they bounced back from their support trendlines. Especially Zinc has shown significant recovery and has broken all its previous resistances of 65/65.5 & 65.9 and managed to closed above it with decent volumes and open interest. I expect it to touch further highs in coming days.
Natural Gas has again taken a stiff resistance at its upper trendline and after touching 226.2 again it fell badly till 203.4 levels and closed at days low. Chart is already posted on the blog.
Crude Oil still going good. Getting stronger & we can expect a big breakout anytime in it.
Gold & Silver are highly volatile and are unable to sustain on higher levels.
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