Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 18 March 2021 By Geojit Financial
BULLION
GOLD
Revisiting trades above the 45200 could cajole fresh buying in the coming session. Failed to mark such trades may gradually push prices lower in the coming session.
SILVER
Intraday weakness may setoff only below the 66700 region. Botched attempt to decline below the same could boost prices higher in the coming session
ENERGY
CRUDEOIL
Fall past 4620 would be a sign of intraday weakness. If the above mentioned region remained untouched could boost prices in the coming session
NATURAL GAS
Prices yet to challenge below the downside hurdle of 179 for the continuation of present selling spree. Inability to do so could bid an intraday prices recovery .
BASE METALS
Copper
As long as prices trade below the upside obstacle 678 could anticipate further corrective move towards lower. But a vertical rise above the same could boost prices higher.
NICKEL
Prices have been trading in the previous session congestion region after a steep a corrective fall. Like we said before, if prices remained above 1140 could expect a price rebound. Weakness may be seen only below 1140.
BASE METALS
Zinc
Prices have been consolidating and possibly to float in the range of 216-220. A firm move which breaks either side of the mentioned region could set off a major directional move.
Lead
Intraday move largely to be upside. However, a direct fall below 158.20 would be an early sign of weakness for today.
BASE METALS
Aluminium
Prices still have room for gains in the coming session as long as prices stay above the 174.20 region. But a direct fall below the same may push prices lower.
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