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08-10-2021 05:40 PM | Source: Geojit Financial Services Ltd
Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 10 August 2021 By Geojit Financial
News By Tags | #473 #4943

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BULLION

GOLD

Consecutive days of weakness may be established only below the downside obstacle of 45680 region. Botched attempt to crack below the same may boost prices to higher levels.

SILVER

Intraday weakness may be seen only above 62200 region. Inability to challenge below the same may eventually push prices higher in the upcoming session.

ENERGY

CRUDEOIL

Intraday weakness may turn on only solid trades below the downside obstacle of 4960 region. Which if remained untouched could expect prices to be recovery path.

NATURAL GAS

Broad buying still intact and gain higher in the session to come. But a direct fall below the downside obstacle of 297 may call fresh selling on coming session.

BASE METALS

COPPER

Intraday recovery move may establish only by substantial trades above the upside hurdle of 733.50 region. If not could anticipate further weakness in the upcoming session.

NICKEL

Intraday buying may withstand only above 1445 region. Else hold the same for a downside corrective move in the upcoming session.

ZINC

Major weakness may be seen only by breaking the downside hurdle of 244 region. If the mentioned region remain untouched could maintain present recovery move.

LEAD

Intraday move largely to be northbound if prices stay above the downside hurdle of 176.70 region. But dip below the same may gradually push prices lower in the session to come.

ALUMINIUM

Major buying may be seen only above 207.30 region. Which if remain untouched could expect prices to trade lower in the upcoming session.

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