Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 18 July 2022 By Geojit Financial
BULLION
GOLD
Prices have been approaching towards the upside hurdle of 50850 region, Which if breaks could lift prices higher in the session ahead. Failed to achieve trades above the same may grab prices lower.
SILVER
As long as prices stay below the upside hurdle of 57500 region could expect further weakness to the counter. Although a direct rise above the same may bid fresh recovery move.
ENERGY
CRUDEOIL
Prices still have room for gains towards the upside objective of 8080 or even higher. Although a vertical fall below 7800 may bid intraday weakness to the counter.
NATURAL GAS
Witnessing buying sentiments largely to continue towards the upside objective of 590 or even more. Even in this positive outlook, a corrective fall below 562 may negate our buying sentiments
BASE METALS
COPPER
Ensuing recovery move likely to persist towards the upside objective of 635 initially followed by 639. But a corrective fall below 622 may be sign of weakness.
NICKEL
Present consolidation likely to continue with thin trades.
ZINC
Present buying sentiments likely to uphold towards the upside objective of 279 region or even more. Even in this positive sentiments, a corrective fall below 272 may dent our buying sentiments.
LEAD
Ensuing buying sentiments likely to continue towards the upside objective of 179 or even more. Even in this positive outlook, a corrective fall below 176 may push prices lower.
ALUMINIUM
Decisive trades above the Bollinger middle band level of 209.80 region could boost prices higher in the later session. Inability
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