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Published on 10/06/2021 6:14:54 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 10 June 2021 By Geojit Financial

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

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BULLION

Gold

Major price recovery could trigger only by substantial trades above the 49060 region. If the above mentioned region remain undisturbed would be a sign of intraday weakness.

 

SILVER

Prices still trapped in the consolidation range of 70800-72300. In this perplexing situation, a decisive move which challenge either side of the recommended region could bid intraday directional move.

ENERGY

CRUDEOIL

Present buying sentiments largely to extend only by promising trades above 5170 region. Failed attempt to win such trades may squeeze down prices lower in the coming session.

 

NATURAL GAS

Broad buying still intact and possibly strengthen in the coming session. However, a surprise fall below 227 may be sign of intraday weakness.

 

BASE METALS

Copper

Prices have been approaching towards the major downside obstacle of 730- 729 region. By breaking the aforementioned region may trigger a major corrective move. Else hold the same for a reversal move.

 

NICKEL

Simmering weakness possibly to continue if prices stay below the 1322 region. In this bearish sentiments, an unexpected rise above the same could boost prices higher.

 

ZINC

Major buying may activate only by solid trades above 238.80 region. Inability to succeed above the same may squeeze down prices lower.

 

LEAD

Intraday move is expected to downward if prices stay below the 172 region. However, surging trades above the same may bid fresh buying for later session.

 

ALUMINIUM

Prices likely to consolidate with mild negative bias. Although substantial trades above the upside hindrance of 193.70 could boost prices higher.

 

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