Intraday: Bullish
Technical Analysis
Preference:
Buy position is envisaged if price trades above 35.94 with take profit at 36.72
Alternative scenario:
Sell position is envisaged if price trades below 35.39 with take profit at 34.57
Fundamentals:
No major economic data with bearing on the commodity
Comment: The commodity has been supported recently by the gradual easing of lock down boosting sentiment of improved demand.
Analysis: SCRUM Team
