Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 23 September 2022 By Geojit Financial
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GOLD
Prices need to close below the downside hindrance of 49450 to persist further weakness. Failed to close below the same may bid fresh buying in the later session.
SILVER
Present long liquidation likely to extend towards the downside objective of 56900 or even lower. But recovery move which sustain above 58400 may entice fresh recovery move.
CRUDEOIL
Prices still have room for weakness in the session ahead towards the downside objective of 6590 or even lower to 6510. But recovery trades above 6780 may negate intraday weakness
NATURAL GAS
Early gains can be seen before initiating next stage of weakness towards the downside objective of 570 or even lower. However, recovery trades above 602 could boost prices higher.
COPPER
Simmering weakness may largely to continue towards the downside objective of 634 or even lower to 627. But recovery trades above 645 could boost prices higher.
NICKEL
Consolidation largely to continue with moderate trades.
ZINC
Prices have been approaching towards the downside hurdle of 276 region. Which if breaks could extend weakness. Failed to challenge below the same may entice fresh buying.
LEAD
By breaking off the downside hurdle of 175.50 could extend weakness. Else hold the same for prices to rebound higher towards 178 region
ALUMINIUM
If prices remain below the upside hurdle of 198.50 region could expect further weakness in the session ahead. Although recovery trades above the same may lift prices higher.
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