Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 25 August 2022 By Geojit Financial
BULLION
GOLD
Prices still have room for further price recovery. Even in this intraday buying sentiments, a corrective fall below 51620 may squeeze down prices lower
SILVER
Present recovery move still intact. But a corrective dip below 56500 may dent such buying expectation.
CRUDEOIL
As long as prices stay above 7460 region could expect further buying in the session ahead. Even in this positive picture, an unexpected fall below the same may grab prices lower.
NATURAL GAS
Intraday move is expected to be north bound if prices stay above 720 region. Even in this positive picture, a surprise fall below the same may induce fresh selling in the session ahead.
BASE METALS
Copper
Present buying sentiments likely to uphold towards the upside objective of 684 initially or even higher. On the flipside, a corrective dip below 675 region may push prices lower
NICKEL
Prices still been consolidating and possibly to continue with negative bias.
Zinc
Since prices gained above the upside hindrance of 317 region, could expect further buying in the session ahead. A direct fall below 316.30 may be a sign of weakness.
Lead
Major weakness may be seen only below the downside hindrance of 178. Else hold the same for prices to rebound higher.
Aluminium
Price need to sustain above the upside hindrance of 214 region to trigger major recovery in the upcoming session. Failed to achieve such trades may be a sign of weakness.
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