Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 16 April 2021 By Geojit Financial
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
BULLION
GOLD
Widening MACD oscillators suggest the prevalence of positivity. Prices excepted to trade positive biased in today’s session. However, a 46100 can induce weakness.
SILVER
Prevailing bullish sentiments may continue in the counter. However, un unexpected fall below Bollinger lower band support of 67770 may negate buying expectations
ENERGY
CRUDEOIL
Technical Commentary Next stage of buying is expected to see only by voluminous trades above 4770. A vertical fall below 4660 can initiate selling pressure.
NATURAL GAS
Prices may appear firmer above the upside hurdle of 201. Whereas, inability of breaking the same level can induce correction as well.
BASE METALS
Copper
Present buying momentum may strengthen if prices trade above previous days high. Weakness is expected only below 700 region.
NICKEL
Intraday movement expected to be within a narrow trading region. Break above Bollinger upper band level of 1241 can strengthen the momentum.
BASE METALS
Zinc
Firm trades above 230.40 region can strengthen the buying momentum. Else corrective dips may be witnessed in the intraday
Lead
Prices may appear firmer above the 168.20 region. Holding the same resistance can bring prices lower.
BASE METALS
Aluminium
Intraday moves may have mild corrections unless the trend line level of 190.30 is not breached. Major weakness is expected only below 184.80.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
