10-06-2022 05:38 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 06 October2022 By Geojit Financial
News By Tags | #473 #4943

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BULLION

GOLD 

Broad buying still intact and possibly to extend towards the upside objective of 51930 region. A vertical fall below 51340 may dent our buying expectation.

SILVER 

Intraday buying may withstand only by tangible trades above 62000 region. Failed to mark past above the same may push down prices lower.

CRUDEOIL 

Determined trades above the upside hindrance of 7270 could boost prices further higher. But there is equal plausible chance of a price dip if prices failed to claim above 7270.

NATURAL GAS 

Intraday move largely to be northbound if prices stay above 560 region. Although a corrective fall below 560 may call further long liquidation move.

COPPER 

Witnessing long liquidation may find support around 660 region to rebound higher to 675 region. But a surprise fall below 658 may be sign of weakness.

NICKEL 

Present lifeless trades likely to continue towards in the session ahead.

ZINC 

Prices still have room for recovery towards the upside objective of 290 or even higher to 294. Even in this positive outlook, a surprise fall below 279 may push down prices lower.

LEAD

Witnessing buying sentiments possibly to uphold towards the upside objective of 184.50 or even higher. But a corrective dip below 180.30 may squeeze down prices lower.

ALUMINIUM 

As long as prices remain above the downside hindrance of 205.20 region could expect prices to trade higher. A corrective dip below 205.20 may be a sign of intraday weakness.

 

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