Powered by: Motilal Oswal
08-12-2021 05:11 PM | Source: Geojit Financial Services Ltd
Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 12 August 2021 By Geojit Financial
News By Tags | #473 #4943

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

BULLION

GOLD

Present price recovery still intact and possibly strengthen in the coming session. But there is equal plausible chance of corrective fall if prices settled below 46180 region.

 

SILVER

Price still in consolidation mood with mild positive bias. Although a surprise fall below the downside hindrance of 62200 may be sign of further weakness in the session to come.

 

ENERGY

CRUDEOIL

Early moves can expect to be higher but need to crack above the upside hurdle of 5220 region to initiate next phase of price recovery. Else hold the same may for a downside fall.

 

NATURAL GAS

Decisive trades above the upside obstacle of 305 may induce fresh buying on coming session. Botched attempt to challenge above the same may eventually push down prices lower.

 

BASE METALS

COPPER

By breaking the immediate hurdle of 742 may entice fresh buying on coming session. If the above-mentioned region remain undisturbed may be a sign of long liquidation move in the coming session.

 

NICKEL

Broad buying still intact and possibly to persist. In this positive bias, a surprise move below the downside hurdle of 1478 may push down prices lower int coming session.

 

ZINC

As long as prices stay above the downside hindrance of 250 region could boost prices further higher. But a direct fall below the same may be a sign of intraday weakness.

 

LEAD

Witnessing buying sentiments likely to uphold in the session to come. Even in this positive note, a surprise fall below 179.80 may grab prices lower.

 

ALUMINIUM

Established buying sentiments largely to continue if prices stay above 207.70 region. Even in this bullish sentiments a surprise fall below the same may dent our buying sentiments.

 

To Read Complete Report & Disclaimer Click Here

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 
SEBI Registration Number: INH200000345

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer