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Published on 29/07/2021 5:29:58 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 29 July 2021 By Geojit Financial

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

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BULLION

GOLD

Witnessing buying sentiments may advance further towards the upside objective 48200 or even more. However, in this positive picture, dip below 47850 may gradually squeeze down prices lower.

 

SILVER

Intraday move largely to be northbound if prices remained float above the 67200 region. But a direct fall below the same may eventually push prices lower.

 

ENERGY

CRUDEOIL

As long as prices stay above the 5350 could anticipate broad buying to persist. Even in this positive note, dip below 5350 may be a sign of long liquidation move.

 

NATURAL GAS

Broad buying may persist further in the coming session. Even in this positive sentiments, a surprise fall below the 290 may be a sign of intraday weakness in the coming session.

 

BASE METALS

COPPER

Broad buying still intact and possibly and prices possibly to find momentum towards higher. But a corrective fall below 750 may be a sign of intraday weakness.

 

NICKEL

Broad buying still intact and possibly to extend in the coming session. Even in this positive note, an unexpected fall which settle below 1478 may dent our bullish outlook.

 

ZINC

Prices have been trading near to upside hindrance of 247 region. Which if breaks could be a sign of further buying in the coming session. Else, hold the same for a downside corrective move.

 

LEAD

Intraday buying largely to uphold in the coming session if prices stay above 176.80 region. Conversely, a surprise fall below the same may eventually push prices lower.

 

ALUMINIUM

Present bullish momentum may live up only by challenging trades above 204.20 region. If this region remain undisturbed could be a sign of downside corrective move in the coming session.

 


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