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Published on 20/09/2021 5:03:40 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 20 september 2021 By Geojit Financial

Posted in Commodities Reports| #Commodity Tips #Geojit Financial Services Ltd

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BULLION

GOLD

Revisiting trades above 46470 could lift prices towards higher. Failed to mark such trades may be sign of further price weakness in the upcoming session.

SILVER

Inability to mark trades above the upside hindrance of 60900 could expect further weakness in the counter. While decisive trades above the same may bid fresh recovery move.

ENERGY

CRUDEOIL

Witnessing selling pressure possibly to continue if prices remain below 5240 region. Although retreating trades above the same may induce fresh buying in the coming session

NATURAL GAS

Broad buying still intact and possibly to gain momentum in the session to come. Even in this positive sentiments, a surprise fall below 362 may bid fresh long liquidation move.

BASE METALS

COPPER

Current feebleness of prices may largely to persist in the upcoming session. Even in this bearish sentiments, retreating trades above 713 would be a sign of fresh buying.

NICKEL

Early gains less likely to find momentum unless prices sustained above the upside hindrance of 1468 region. Else hold the same for further weakness in the upcoming session.

ZINC

Prices possibly to trade within the trading range of 253-256 region. A firm move which breaks either side of the aforementioned region could set off fresh directional move.

LEAD

Intraday move is expected to be southbound if prices stay below the upside hurdle of 187.30 region. But decisive trades above the same could boost prices further higher.

ALUMINIUM

Intraday recovery may sustain only by tangible trades above the Bollinger middle band level of 228 region. Which if remain undisturbed could expect prices to trade lower.

 

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