Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 20 September 2022 By Geojit Financial
BULLION
GOLD
Weakness may extend further if prices remain below 49520 region. However, a vertical rise which sustain above the same may bid intraday recovery move in the later session.
SILVER
Prices need to challenge above the upside hindrance of 57700 region to initiate major buying in the later session. Failed to move past above the same may push prices lower to 56400 region.
CRUDEOIL
Reclaiming trades above 6940 could trigger fresh recovery move in the upcoming session .Which if remain undisturbed may expect prices to turn lower towards the downside objective of 6720 or even lower.
NATURAL GAS
Intraday buying may withstand only by decisive trades above 636 region. Failed to achieve such trades may eventually push prices lower towards 604 or even lower to 590 region.
COPPER
Prices need to sustain above the upside hindrance of 653 region. Else could expect present weakness to continue towards 640 region.
NICKEL
Present lifeless moves may persist further in the session ahead.
ZINC
Present buying sentiments likely to continue towards the upside objective of 286.40 or even higher. Even in this intraday recovery expectation, a surprise fall below 280.80 may dent our buying expectation.
LEAD
Recovery move likely to extend towards the upside objective of 182 or even higher. However, fall past below 178.70 may induce fresh selling in the session ahead.
ALUMINIUM
Current feebleness of prices likely to stretch lower towards the downside objective of 193 or even lower to 191.40 region. On the flipside, rebounding trades above 198.40 could boost prices higher.
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