Natural
Gas (Rs./Mmbtu):
Momentum above 156.50 will see Natural gas prices bounce higher towards
157.90/160 levels. The counter may not sustain at higher levels between 160—162
zones. Corrective moves from higher levels will see prices correct towards 149.80/146
zones. The counter needs to sustain above 162 for the rally to advance higher
towards 167 areas.
Copper: Copper
moved lower once prices broke below its support at 307.50 levels. Sustenance
above 304 will trigger an intraday bounce towards 306.50/307 levels. Prices can
test its support around 300/299.50 levels. A daily close below 299.50 will push
prices lower towards 293.50 levels.
Zinc: Zinc prices can test its support between
98—97.60 zones. Failure to break below 97.60 will trigger a pullback rally in
the counter. The intraday view for the counter will stay negative until prices
stay below 101. The counter needs to sustain above 101 to bounce towards
102.50/103 areas. A daily close below 97.60 will be negative for counter.
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