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Published on 3/12/2021 5:24:40 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 03 December 2021 By Geojit Financial

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

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BULLION

GOLD

Price still have room for further weakness as long as prices stay below 47620 region. But recovery trades above the same eventually lift prices to higher levels.

 

SILVER

Broad weakness still intact unless prices sustained above 61980 region. But recovery trades above the same may push prices higher in the session to come.

 

ENERGY

CRUDEOIL

Present recovery move may uphold in the session to come. But a corrective fall which slip below 5070 may be a sign of intraday weakness.

 

NATURAL GAS

Recovery move may withstand only by tangible trades above 328 region. Which if remain untouched could expect prices to trade lower in the later session.

 

BASE METALS

COPPER

Present recovery move may extend further in the upcoming session towards the upside objective of 735 region. But a corrective fall below 726 may bid a downside corrective move.

 

NICKEL

As long as prices remain above the 1542 region hold downside could expect prices to trade higher. But a corrective fall below the same may squeeze down prices lower.

 

ZINC

Prices possibly to trade higher in the upcoming session if prices stay above 269 region. But an unexpected fall below the same may induce fresh selling.

 

LEAD

Major price recovery may trigger only by decisive trades above the upside hindrance of 186.50 region. Inability to mark such successful trades may push prices lower.

 

ALUMINIUM

Prices possibly to trade higher in the upcoming session towards the upside objective of 214 or even more. Although, dip below 211 may be a sign of intraday weakness.

 

 

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