Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 13 september 2021 By Geojit Financial
BULLION
GOLD
Region of 46770 looks to be formidable region for sellers to challenge. Botched attempt to crack below the same would be a sign of fresh buying on coming session.
SILVER
A corrective move which settle below 62900 could bid fresh selling. If the above-mentioned region remain untouched could boost prices higher in the later session.
ENERGY
CRUDEOIL
Witnessing buying sentiments possibly to extend higher if prices stay above 5150 region. But a vertical fall which claim below the same may call fresh selling on coming session.
NATURAL GAS
As long as prices stay above the downside hindrance of 360 region could expect prices to higher. On the other hand, dip below the same may eventually push down prices lower.
BASE METALS
COPPER
Ensuing buying largely to continue in the session to come. But even in this positive sentiments, a corrective fall which settle below 734 may be a sign of fresh selling.
NICKEL
Present long liquidation move possibly to stretch lower in the upcoming session. In this bearish sentiments, a direct rise above the hurdle of 1519 may bid fresh buying on coming session.
ZINC
Next phase of buying may be seen only above the upside hurdle of 255.70 region. Inability to charge above the same may eventually push down prices lower.
LEAD
A long liquidation move is likely to progress in the coming session if prices stay below 189.40 region. However, decisive trades above the same may induce fresh buying on coming session.
ALUMINIUM
Broad buying still intact but need to sustain above the immediate upside hurdle of 234 to extend further. Failed to reclaim above the same may eventually squeeze down prices lower.
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