Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 21 September 2022 By Geojit Financial
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BULLION
GOLD
A vertical rise which sustain above 49630 could boost prices higher. Failed to achieve such trades may eventually push prices lower.
SILVER
Prices still have room for gains and possibly to stretch higher towards the upside objective of 58100 firstly followed by 58700. But a corrective fall below 56800 may squeeze down prices lower
CRUDEOIL
Ensuing recovery move may stretch higher towards the Bollinger middle band level of 7030 region or even more. Even in this buying picture, a corrective fall below 6780 may negate our buying expectation.
NATURAL GAS
Intraday move largely to be north bound if prices stay above the downside hindrance of 618 region. Although a surprise fall below the same may dent our buying expectation
COPPER
Consolidation likely to progress with in the trading range of 643-654 region. A firm move which breaks either side of the aforesaid region to set our fresh directional move
NICKEL
Present lifeless moves may persist further in the session ahead.
ZINC
Next phase of selling may trigger only by tangible trades below 277 region. Else could expect prices to rebound higher to 285 region.
LEAD
Intraday weakness may be seen only below 178.50 region. Else hold the same for prices to turn higher in the session ahead.
ALUMINIUM
Simmering weakness may continue towards the downside objective of 193 or even lower to 191.40 region. Even in this bearish sentiments recovery trades above 195.50 may lift prices higher.
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