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09-09-2021 05:04 PM | Source: Geojit Financial Services Ltd
Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 09 september 2021 By Geojit Financial
News By Tags | #473 #4943

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BULLION

GOLD

Like we said last day, prices still hesitate to mark trade below 46800 region. Inability to challenge below the same may push prices higher in the session to come.

SILVER

Prices clearly held the downside hurdle of 63800 region. Which if remain untouched could expect the price to turn higher towards the previous days high.

ENERGY

CRUDEOIL

Determined trades above the upside hindrance of 5140 could induce fresh buying on coming session. Inability to sustain above the same may bid fresh selling in the upcoming session

NATURAL GAS

Early dips could be possible for prices to recoup higher in the later session. But in this bullish sentiments, slippage below 352 may dent our buying expectation.

BASE METALS

COPPER

Intraday move largely to be northbound if prices stay above the 712 region. But a corrective fall which settle below the same may eventually push prices lower.

NICKEL

Witnessing buying sentiments likely to stretch higher in the upcoming session. Even in this bullish outlook, an unexpected fall which crack below the downside hurdle of 1504 may squeeze down prices lower.

ZINC

Slippage below 250.60 may be a sign of long liquidation move . Else hold the same for broad selling to persist higher.

LEAD

If prices remain above 184.80 region could boost prices further higher in the later session. Even in this positive sentiments a corrective fall which dip below the same may induce fresh selling.

ALUMINIUM

Established buying sentiments still intact. Even in this broad buying picture, a corrective fall which claim below 222 may grab prices lower in the later session.

 

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