See what happened yesterday. Exactly the same as I mentioned that base metals are not very strong from a technical point of view. Just because of the expiry effect huge short covering was seen and due to which they have risen. As I said that out of all base metals Aluminium was the weakest you can see that Aluminium has given full Rs. 3 from its days high and closed almost at its days low. The same thing happened with Nickel which fell 30 Rs. from its days high.
Crude as I said has shown a decent strength yesterday. What next?????
Natural Gas although is in downtrend but some consolidation can be seen before you see the next move. Some buying is seen on these lower levels so avoid shorts on these levels.
Gold & Silver has shown some strength but Silver charts seems more positive than Gold. One can buy on dips in Silver now.
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