Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 07 september 2021 By Geojit Financial
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BULLION
GOLD
Broad buying may activate only by challenging trades above 47600 region. Else hold the same for intraday corrective move in the upcoming session.
SILVER
Prices necessitate to take charge below 64200 for present selling to continue. If the above-mentioned region remain untouched could boost up prices further higher
ENERGY
CRUDEOIL
Intraday move largely to be downside and possibly to scale down to 4900 region. But retreating trades above 5085 could boost prices higher.
NATURAL GAS
A long liquidation move is likely to progress unless prices claimed above 346 region. However, sustainable trades above the same could boost prices further higher.
BASE METALS
COPPER
As long as prices remain below the upside hurdle of 716 region could expect prices to inch lower . Although decisive trades above the same could boost prices higher
NICKEL
Intraday weakness may be seen only below the downside hurdle of 1447 region. Else hold the same for a price recovery in the upcoming session.
ZINC
Intraday move is expected to be northbound if prices stay above 246.40 region. On the other hand, a direct fall below the same may eventually push prices lower.
LEAD
Prices still have room for further gains, but a surprise fall which settle below 181.50 may grab prices lower.
ALUMINIUM
Established bullish sentiments broadly to progress further in the upcoming session. Even in this positive sentiments, dip below 216.90 may grab prices lower
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