Bullion, Base Metals, Energy Trading Tips,
Trend & Strategies for Today 14 May :
Bullion
(Gold & Silver): Gold along with silver may trade sideways
with weak bias. Gold can trade in range of 28,300-28,500. Gold has
support at 28335 and below it could test 28305 levels and resistance
is likely to be seen at 28392, if it moves further it could see
prices testing 28419.
Silver
can trade in range of 53,500-54,500 in near term. Silver has support
at 54069 levels and moving below could test 54007 level, its
resistance is likely to be seen at 54221, any move above this level
could test 54311 level.
Base
Metals (Copper, Lead, Zinc, Aluminum, Nickel): Base metals can trade
sideways with mixed bias. Copper may trade in range of
428-435 while Lead may trade in range of 109.50-111. Nickel
trading range for the day is 917.3-922. Aluminium trading range for
the day is 108.33-108.63. Copper trading range for the day is
430.7-432.9. Zinc trading range for the day is 103.85-104.05.
Energy
(Crude Oil): On the back of weak cues coming from international
markets, Crude oil can further dip lower. Crude can trade in range of
5,130-5,180.
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