Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 19 August 2021 By Geojit Financial
BULLION
GOLD
Slippage past below the downside obstacle of 46750 may be a sign of intraday weakness. Botched effort to win such trade may activate fresh buying in the later session.
SILVER
Intraday weakness may be seen only by promising trades below 61900 region. Which if remain untouched could boost up prices higher in today’s session.
ENERGY
CRUDEOIL
Consecutive days of selling momentum may stretch lower if prices stay below 4850 region. However, retreating trade above the same may gradually lift prices higher
NATURAL GAS
If prices stay above 282 region could expect prices to float higher. However, revisiting trades below 282 may induce fresh selling in the session to come.
BASE METALS
COPPER
Witnessing bearish sentiments possibly to progress 680 or even more. Even in this bearish move, rise above 697 would boost prices higher
NICKEL
Established weakness may largely to continue if prices stay below 1440 region. But rebounding trades which sustain above the same may eventually bid fresh recovery move.
ZINC
Ensuing selling sentiments likely to persist if prices stay below 247 region. In this long liquidation move, rebounding trades above the same may bid fresh buying.
LEAD
Reclaiming trades below 178.20 may bid fresh selling in the coming session. Failed to sustain trades below the same may bid fresh recovering move towards the previous day high.
ALUMINIUM
Slippage below the downside obstacle of 205.60 could trigger fresh selling on coming session. Else hold the same for a prices to rebound higher
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