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Published on 28/10/2021 5:19:33 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 28 October 2021 By Geojit Financial

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

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BULLION

GOLD

Prices still have room for gains and possibly to gain momentum if prices remain above 47580 region. An unexpected fall below the same may be sign of long liquidation move.

 

SILVER

Breaking off the downside hurdle of 64600 could fresh selling on the upcoming session. Else hold the same for a price recovery in the upcoming session.

 

ENERGY

CRUDEOIL

Intraday buying may withstand only by solid trades above the upside hurdle of 6210 region. Which if remain undisturbed may be a sign of intraday weakness.

 

NATURAL GAS

Ensuing buying sentiments possibly to strengthen in the session to come. But in this bullish sentiments a corrective fall below 448 region may squeeze down prices lower.

 

BASE METALS

COPPER

A major price recovery may trigger only by solid trades above 758 region. Failed to achieve trades above the same may gradually squeeze down prices lower

 

NICKEL

Intraday price recovery may sustain only by promising trades above 1544 region. Which if remain undisturbed could expect prices to turn lower in the later session.

 

ZINC

As long as prices remain below the upside hurdle of 287 region could expect prices to continue previous session’s long liquidation move. But decisive trades above the same could boost prices higher.

 

LEAD

Prices have been approaching towards the upside obstacle of 189 region. Which if breaks could lift prices higher. Botched attempt to challenge above the same may push prices further lower.

 

ALUMINIUM

Present short covering move may strengthen only above the upside hindrance of 224 region. Else could expect prices to turn lower in the upcoming session.

 

 

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