Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 21 April 2021 By Geojit Financial
BULLION
GOLD
Ensuing buying sentiments possibly to withstand in todays trading session. In this positive sentiments, fall below the 47260 may be sign of intraday weakness.
SILVER
Determined trades above the upside hindrance of 69500 could cajole fresh buying. Nevertheless, failed to mark such move may grab prices lower.
ENERGY
CRUDEOIL
Previous session selling momentum may extend in the upcoming session. But a reversal move which challenge above 4740 would be a sign of intraday buying to previous session levels.
NATURAL GAS
Consecutive days of buying momentum possibly to uphold, although a corrective downside fall through 201 may bid fresh selling in the evening session.
BASE METALS
Copper
Inability to surpass above the upside obstacle of 727 could expect further weakness in the session to come. But crack above the same may be a sign of an intraday buying.
NICKEL
Intraday move largely to be southbound as long as prices stay below the upside hurdle 1221 region. But a decisive move which breaks above the same could push prices higher.
BASE METALS
Zinc
Previous session selling momentum may persist in the coming session if prices remained below 229.80 region. However, a firm move which breaks above the same could push prices higher.
Lead
By breaking the upside obstacle of 171 could boost prices higher. Else hold the same for a downside corrective move towards lower levels.
.
BASE METALS
Aluminium
A price correction could initiate only below 186 region. Else hold the same or a price rebound in the coming session.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer