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05-05-2021 05:53 PM | Source: Geojit Financial Services Ltd
Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 05 May 2021 By Geojit Financial
News By Tags | #473 #4943

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BULLION

GOLD

If prices remained below the upside obstacle of 47270 may expect a long liquidation move in the coming session. But decisive move above the same may grab prices lower

 

SILVER

As long as prices stay above the Bollinger middle band level of 68400 could boost prices higher. But a vertical fall through the same may squeeze down prices lower.

 

ENERGY

CRUDEOIL

Dominant buying sentiments largely to in the upcoming session if prices stay above 4830 region. On the other hand, dip below the aforementioned region may dent our buying sentiments.

 

NATURAL GAS

By claiming above the upside hindrance of 223 could would be a sign of broad buying to continue. Failed to mark such trades may push prices lower.

 

BASE METALS

Copper

Broad bullish sentiments still intact and possibly to extend further. But a corrective move which settle below 761 may be sign of intraday weakness.

 

NICKEL

Decisive trades above 1356 would trigger fresh buying in the coming session. But failed to activate such trades may eventually push prices lower.

 

BASE METALS

Zinc

Prices yet to take off above the hourly Bollinger upper band level of 237.60 for a major buying. Else hold the same for weak bias.

 

Lead

Prices still have the scope further gains and such emerging trades may scale higher. Although, a sudden fall below 173.80 may bid a corrective downside move.

 

BASE METALS

Aluminium

Sustainable trades above the upside hindrance of 196.70 region could bid fresh buying . Inability to mark such trades may be a sign of long liquidation mov

 

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