Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 09 July 2021 By Geojit Financial
BULLION
GOLD
As long as prices stay above the downside hurdle of 47580 region could expect prices to trade higher. But a corrective fall below 47580 may grab prices lower.
SILVER
Intraday move is expected to be choppy within the trading range of 68500- 69700. A firm move which settle above or below the aforementioned range could set the trend.
ENERGY
CRUDEOIL
Witnessing buying sentiments likely to persist, although a corrective fall below 5440 may eventually grab prices lower in the coming session.
NATURAL GAS
Price yet to take off above the upside obstacle of 278 region. Which if remain untouched could expect a downside corrective move in the later session.
BASE METALS
COPPER
Observing buying sentiments likely to uphold. But there is equal possible chance of a downside corrective fall below the downside obstacle of 728 may push prices lower.
NICKEL
Present buying sentiments likely to stretch higher if prices remain above 1386 region. Even in this buying sentiments, an unexpected fall below the above recommended region could grab price lower.
ZINC
Ensuing buying sentiments likely to uphold in the coming session. Even in this positive note, a direct fall which settle below 240 may squeeze down prices lower.
LEAD
Intraday move is expected to be northbound if prices stay above 178.60 region. On the flipside, a direct fall below the same may gradually push prices lower.
ALUMINIUM
Present rebounding trades may extend only above the upside hurdle of 199 region. Failed to close above the same may squeeze down prices lower in the later session.
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