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Published on 13/10/2021 5:24:02 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 13 October 2021 By Geojit Financial

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

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BULLION

GOLD

Emerging buying sentiments likely to extend in the session to come. But a corrective fall below the downside hindrance of 46970 region may bid fresh selling in the coming session.

SILVER

Intraday move largely to be northbound if prices float above the 61600 region. On the other hand, a corrective fall below the same may induce fresh selling in the upcoming session.

ENERGY

CRUDEOIL

Intraday buying may withstand only by decisive trades above 6120 region. Failed to reach above the same may diffuse intraday buying expectation.

NATURAL GAS

Next phase of buying may trigger only by tangible trades above 416 region. Inability to sustain close above the same may be sign of long liquidation move.

BASE METALS

COPPER

Ensuing buying sentiments may persist further in the upcoming session. Even in this dominant buying spree a corrective fall below 736 may squeeze down prices lower.

NICKEL

Intraday move is expected to be northbound if prices stay above 1470 region. In this positive sentiments, a surprise fall below the same may grab prices lower.

ZINC

Ensuing buying sentiments likely to uphold and possibly to extend toward 279.40 or even more. Although a corrective fall below 274.60 may push prices lower.

LEAD

As long as prices remain above 181.70 could expect prices to trade higher in the upcoming session. But a corrective fall below the same may push prices lower.

ALUMINIUM

Witnessing bullish trend possibly to trade higher in the upcoming session. But a corrective fall below 244 may dent our buying sentiments.

 

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