Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 22 April 2021 By Geojit Financial
BULLION
GOLD
Present weakness may be seen only below 47320 region. Else hold the same for a price rebound in the coming session towards the previous session levels.
SILVER
Intraday weakness may be seen only by tangible trades below 69000 region. Botched attempt to mark such trades could boost prices higher.
ENERGY
CRUDEOIL
Prices necessitate to challenge above the upside hurdle of 4660 for an intraday buying. Failed to achieve such move may grab down prices lower.
NATURAL GAS
Witnessing weakness may stretch down only promising trades below 198 region. Else hold the same for price rebound in the coming session.
BASE METALS
Copper
If prices remain above the downside hindrance of 721 could expect broad buying to continue. But a direct fall below the same may squeeze down prices lower.
NICKEL
Prices likely to float lower in the coming session as long as prices stay below the upside hurdle 1225 region. But a decisive move which breaks above the same could push prices higher.
BASE METALS
Zinc
As long as prices hold below the upside hindrance of 228.40 could expect prices to turn lower in the coming session. But determined trades above the same could boost prices higher.
Lead
By breaking the upside obstacle of 171 could boost prices higher. Else hold the same for a downside corrective move towards lower levels.
BASE METALS
Aluminium
A long liquidation move likely to form in the coming session if prices remained below 191.50 region. But steady trades above the same may push prices further higher.
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