Base metals have seen some recovery however they are still weak and should fall again. But what should be the final level to hold your shorts and what should be the SL???? Exact levels and SL only for clients.
Crude is still weak and should fall again. My 3rd target of 3232 is missed by few points. Now 3366-3392 will act as a resistance wall before it can move up. It should retest the yesterday's low again if it holds these levels.
Gold & Silver are still weak. Yesterday advised clients to book 100 Rs profit in Gold & Silver also almost touched the 1st target of 22050. If US $ is going to support we should see some more fall in these counters.
Natural Gas has taken a decent support at 194 levels (the trendline) yesterday and bounced back 2-3 Rs from there. Now as long as yesterday's low is intact we are in upside otherwise it will be beaten down to 186/178. Keep an eye.........
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