Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 01 July 2021 By Geojit Financial
BULLION
GOLD
Breaking the immediate upside hurdle of 47240 would be a sign for intraday buying. Failed to close above the same may bid further corrective move in the later session.
SILVER
A major buying may be seen only above 70500 region. Inability to sustain above the same may gradually take down prices lower.
ENERGY
CRUDEOIL
If prices stay above 5470 could anticipate further buying in the coming session. In this bullish move, a direct fall through the same may bid a corrective move in the coming session.
NATURAL GAS
Present technical chart point to further gains in the upcoming session. In this bullish sentiments 273 may cajole long liquidation move for today’s session.
BASE METALS
COPPER
Present buying momentum may continue, still need to mark trades above the upside hindrance of 727.80 to initiate next stage of buying. Else hold the same for a downside corrective move.
NICKEL
Intraday weakness may trigger only by tangible trades below 1342 region. Which if remain untouched could boost prices to previous session highs.
ZINC
Intraday buying may be seen only above the 241.60 region. Inability to challenge above the same may grab prices lower.
LEAD
Broad buying sentiments still intact, but an unexpected fall which close below 175.80 may be a sign of long liquidation move in the upcoming session.
ALUMINIUM
Witnessing buying sentiments likely to uphold in the session to come. In this positive picture, a surprise fall below 196.70 may be sign of intraday weakness.
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