01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 18 May 2021 By Geojit Financial
News By Tags | #473 #4943

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BULLION

GOLD

By breaking the upside hurdle of 48530 could boost prices further higher. Else hold the same for a downside corrective move which may push prices lower.

 

SILVER

Further rallies could be seen in the coming session as long as prices flat above 73100. In this bullish picture, a downside corrective move which claim below the same may bid fresh selling for today.

 

ENERGY

CRUDEOIL

Established buying may gain pace if prices stay above 4840 region. But a vertical fall though the same may invite fresh selling for today’s session.

 

NATURAL GAS

Witnessing buying sentiments may strengthen in the session to come. Although a surprise fall below 223 may be sign of intraday weakness.

 

BASE METALS

Copper

Customary buying sentiment likely to persist and extend higher. But a corrective dip below 783 may be a sign of a downside corrective move.

 

NICKEL

Prices still have room for gains in the coming session if prices stay above the 1318 region. On the other hand, a direct fall below the same may be a sign of intraday weakness.

 

Zinc

Ensuing buying sentiments likely to uphold in the coming session. In this bullish note, a surprise fall below 239 may dent our intraday buying sentiments.

 

Lead

Early price dips could be possible, but likely to rebound higher if prices float above 174 region. However, a corrective move below the same may grab prices lower.

 

Aluminium

If prices remain below the upside obstacle of 200 region could anticipate a long liquidation move. But break above the same could lift prices higher.

 

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