Crude Oil prices may test Rs 4830: Nirmal Bang

Nirmal Bang has come out with its technical report on precious metal, base metal and Crude Oil. According to the research firm, Crude Oil price are expected to remain under pressure till Rs 4730-4720 whereby it seems to hold. One can buy around those levels with a stop loss below Rs 4670. Prices are expected to bounce till Rs 4830.

Gold prices are expected to trade within a range from 30950 to 31200. One can trade within the range with a negative bias. Fresh selling could trigger below 30950.

Silver prices are expected to trade within the range from 59000 to 60200. One can sell on rise around 60000 with a stop loss above 60350.

Copper prices are expected tested the support at 428 on lower end, if sustains below 428 prices are expected to test 424-423. One can sell on rise around 431-432 with a stop loss above 435 for intraday.

Nickel prices are expected to trade within the range from 875 to 900. One can trade within the range with a positive bias maintain a stop loss below 870.

Lead prices as expected to trade lower till 109-109.50, we expect prices to bounce from these levels till 112. One can trade within the range form 109 to 112 for the day.

Crude price are expected to remain under pressure till 4730-4720 whereby it seems to hold. One can buy around those levels with a stop loss below 4670. Prices are expected to bounce till 4830.

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