Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 15 April 2021 By Geojit Financial
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BULLION
GOLD
Prices expected to remain north bound in todays session. Meanwhile a corrective fall below the Bollinger lower band region of 46290 may weaken intraday sentiments.
SILVER
Positive sentiments may persist in intraday session as well. However, un unexpected fall below Bollinger lower band support of 67320 may negate buying hopes.
ENERGY
CRUDEOIL
As long as prices trade above the Bollinger mid band support of 4660. A break below the same can initiate weakness in the counter as well.
NATURAL GAS
Prices seem to have held at the trendline hindrance of 201 region. Intraday movement will be mostly south bound if the trendline resistance remain unbroken.
BASE METALS
Copper
Strengthening buying momentum may extend higher in today’s session as well. Weakness is expected only below 700 region for the intraday.
NICKEL
Prices may trade sideways above the Bollinger lower band level of 1214, below which weakness can be expected. A voluminous break above 1230 region may strengthen prices.
BASE METALS
Zinc
Next stage of buying is expected only above 230 region on trend line. Else corrective dips may be witnessed in the today’s session.
Lead
Buying may sustain only by firm trades above 167 region. If the same resistance is held expect prices to slip lower.
BASE METALS
Aluminium
Buying momentum may persist in the upcoming session as well. But an unexpected fall through the downside hurdle of 184.80 may grab prices lower.
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