01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 14 May 2021 By Geojit Financial
News By Tags | #473 #4943

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BULLION

GOLD

Price possibly to keep the present buying momentum in the upcoming session. But there is equal plausible chance of prices weakness if prices fall below 47380 region.

 

SILVER

ntraday move largely to be northbound if prices stay above 70100 region. However, a direct fall below the same may squeeze down prices lower.

 

ENERGY

CRUDEOIL

Witnessing recovery move may not persist until prices advance above 4788 region. But break above the same may be sign of fresh buying.

 

NATURAL GAS

Determined trades above the immediate obstacle of 221 could entice fresh buying in the coming session. Failed to activate such trades may grab prices lower.

 

BASE METALS

Copper

Witnessing weakness may stretch lower if prices stay below 780 region. By breaking the same could cajole fresh buying and such move may test recent higher levels.

 

NICKEL

As long as prices remain below 1294 region could expect further long liquidation move towards lower. But voluminous trades above the mentioned region could boost prices higher.

 

BASE METALS

Zinc

Decisive trades above 231.60 could cajole fresh buying in the coming session. Botched attempt to mark such trades may gradually push prices lower

 

Lead

Present recovery move may not last long unless prices settled above 173.30 region and such resultant weakness may stretch to previous session levels.v

 

BASE METALS

Aluminium

Reclaiming trades above the 196.20 would be a sign of intraday prices recovery. If the above mentioned region undisturbed, could expect further weakness .

 

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