Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 27 september 2021 By Geojit Financial
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BULLION
GOLD
By breaking the downside hurdle of 45800 may squeeze down prices lower. Inability to challenge below the same may push prices higher in the upcoming session.
SILVER
Intraday move is expected to be southbound if prices stay below 61100 region. Although steady trades above the same may induce fresh buying in the session to come.
ENERGY
CRUDEOIL
Ensuing buying sentiments likely to uphold as long as prices stay above the downside hindrance of 5475 region. But a corrective move which settle below the same may bid fresh selling.
NATURAL GAS
Witnessing buying sentiments possibly to extend in the upcoming session. Even in this positive picture, a corrective fall below the downside hurdle of 394 may squeeze down prices lower.
BASE METALS
COPPER
If prices remain above the downside obstacle of 715 region could boost prices further higher. On the other hand, a surprise fall through the same may be a sign of intraday weakness.
NICKEL
Prices still trapped in the previous day's consolidation range and possibly to float with in the trading range of 1475-1440 region. A firm move which breaks either side of the mentioned region would set the directional move.
ZINC
Ensuing bullish sentiments possibly to uphold in the coming session if prices stay above the downside hurdle of 259 region. But a direct fall below the same may gradually push prices lower.
LEAD
Prices still hesitate to mark trades above the upside hurdle of 183.60 region. Which if remain undisturbed could expect a downside corrective move in the later session
ALUMINIUM
Decisive trades above the upside hurdle of 233.40 could boost prices further higher. Else hold the same for intraday weakness in the coming session.
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