09-12-2022 05:47 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 12 September 2022 By Geojit Financial
News By Tags | #473 #4943

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BULLION 

GOLD

Reclaiming trades above 50860 may invite fresh buying in the session ahead. Fail to achieve such trades may eventually push prices lower to 50400 region.

SILVER

Ensuing buying sentiments likely to uphold toward the upside objective of 57100 or even higher. A direct fall below 55700 may negate our buying expectation.

CRUDEOIL

Consecutive days of recovery move possibly to stretch higher towards the upside objective of 7100 or even higher. Even in this intraday buying sentiments, a corrective fall below 6850 may dent out buying expectation.

NATURAL GAS

Intraday buying may sustain only by tangible trades above 655 region. Which if remain untouched could expect weakness towards 620 or even lower.

 COPPER

Present buying sentiments likely to continue towards the upside objective of 665 firstly or even higher. Even in this recovery expectation, a surprise fall below 654 may push prices lower.

NICKEL

Consolidation largely to persist with moderate trades

 ZINK

By breaking off the upside hurdle of 290 could boost prices further higher. Else hold the same for prices to turn lower in the session ahead.

LEAD

Present recovery move likely to uphold towards the upside objective of 179.80 followed by 181.40. But a corrective fall below 177.40 may be sign of weakness.

 ALUMINIUM

Present short covering move likely to uphold towards the upside objective of 204 or even higher in the later session. But a corrective fall below 199.80 may squeeze down prices lower.

 

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