Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 15 september 2021 By Geojit Financial
BULLION
GOLD
Intraday move is expected to be southbound unless prices reclaimed above 47280 region. But voluminous trades above the same may entice fresh buying on coming session.
SILVER
Prices need to challenge above the upside hurdle of 64050 to initiate intraday buying. Else hold the same for a downside corrective move in the upcoming session
ENERGY
CRUDEOIL
Even though broad buying still intact, a long liquidation move which slip below 5215 may grab prices lower in the upcoming session.
NATURAL GAS
Broad buying possibly to continue as long as prices float above the downside hurdle of 394 region. However, a corrective fall which settle below the same may squeeze down prices lower.
BASE METALS
COPPER
Present buying sentiments possibly to stretch higher in the upcoming session. Even in this positive note, a corrective fall below 722 region may grab prices lower.
NICKEL
By breaking off the upside hurdle of 1503 would be a sign of fresh buying in the upcoming session. Botched attempt to challenge above the same may eventually push prices lower.
ZINC
Ensuing buying sentiments largely to uphold in the session to come. Even in this bullish sentiments, a corrective fall below the downside hurdle of 252.30 may push prices lower.
LEAD
A corrective fall below the downside hurdle of 186.30 may call fresh selling in the coming session. Failed to close below the same could boost prices higher.
ALUMINIUM
Intraday move is expected to be northbound if price stay above the downside hurdle of 226 region. But an unexpected fall below the same may be sign of intraday weakness.
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