Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 06 september 2021 By Geojit Financial
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BULLION
GOLD
Ensuing buying sentiments likely to uphold in the session to come. Even in this positive note, an unexpected fall which dip below 47320 may cajole fresh selling on coming session.
SILVER
Previous session buying likely to intact and possibly to trade higher in the upcoming session. In this positive outlook an unexpected fall which claim below 64700 may dent our buying expectation.
ENERGY
CRUDEOIL
Prices possibly to trade higher in the upcoming session if prices stay above 4980 region. But a direct fall below the same may gradually grab down prices lower.
NATURAL GAS
Established bullish sentiments likely to continue in the upcoming session if prices stay above 342 region. On the other hand, a surprise fall which close below the same may be a sign of long liquidation move.
BASE METALS
COPPER
Intraday move is expected to trade within the price range of 719-710. However, a decisive move which settle wither side of the aforementioned region could set off fresh directional move.
NICKEL
Intraday buying may be seen only above the upside hindrance of 1472 region. If the above-mentioned region remain untouched could expect prices to turn lower.
ZINC
A long liquidation move is expected to be downward if prices stay below 247 region. But solid trades which sustain above the 247.20 could trigger fresh buying in the coming session.
LEAD
Intraday move is expected to be southbound as long as prices stay below 182.80 region. Even in this intraday weak bias, retreating trades above the same may bid fresh buying.
ALUMINIUM
Ensuing buying sentiments likely to continue in the coming session if prices stay above 215.50 region. But a direct fall through the same may gradually push prices lower.
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