Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 15 July 2021 By Geojit Financial
BULLION
GOLD
Ensuing buying sentiments possibly to strengthen in the session to come. In this buying sentiments, an unexpected fall which claim below 48060 may bid fresh selling.
SILVER
Determined trades above the immediate hurdle of 70250 region may induce fresh buying for today's session. Inability to sustain above the same may eventually bid intraday weakness.
ENERGY
CRUDEOIL
Present rebounding trades may not find momentum unless prices settled above 5470 region. If the above-mentioned region remain untouched could expect further weakness.
NATURAL GAS
Prices still fluctuating in a consolidation region after recent gains. In this confusing state, if prices remain above 270 could boost prices higher in the coming session.
BASE METALS
COPPER
Prices have been approaching towards the upside hindrance of 731.50 region. Which if gives way could boost prices further higher, else hold the same for a downside corrective move.
NICKEL
Next stage of buying may be seen only above 1415 region. Which if remain undisturbed could expect prices to trade lower in the later session.
ZINC
As long as prices stay above 239 region could anticipate fresh buying in the coming session. But challenging trades below the same may dent our buying expectation.
LEAD
if prices remain below 179.40 region would extend weakness in the upcoming session . Meanwhile, determined trades above the same may gradually lift prices higher.
ALUMINIUM
Determined trades above 200.50 may boost prices further higher in the later session. Botched attempt to win above the same may eventually push prices lower.
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