Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 24 August 2021 By Geojit Financial
BULLION
GOLD
Witnessing buying sentiments possibly to stretch higher if prices remain above 47320 region. In this buying picture, an unexpected fall below the same may eventually push prices lower.
SILVER
Ensuing buying sentiments likely to uphold in the upcoming session. Even in this much expectation recovery move, slippage below 62650 may induce fresh selling on coming session.
ENERGY
CRUDEOIL
Present recovery move possibly to strengthen in the coming session. Even in this recovery expectation, a corrective fall which claim below 4870 may se sign of intraday weakness.
NATURAL GAS
Prices likely to turn lower as long as prices float below 296 region. But determined trades which flourish above the same could bid fresh buying on coming session.
BASE METALS
COPPER
Consecutive days of recovery move may not last long unless prices sustain above 712.80 region. However, successive trades above the same could boost prices further higher.
NICKEL
Intraday weakness may activate only by promising trades below 1429 region. Else hold the same for prices to continue broad recovery move in the session to come up.
ZINC
Intraday moves is expected to be southbound if prices stay below 249 region. But decisive trades above the same could lift prices higher in the later session.
LEAD
Prices seen nearing towards the downside obstacle of 178.20 region. Break below the same may bid fresh selling in the coming session. Else hold the same for prices recovery for later session.
ALUMINIUM
Breaking off above the upside hurdle of 209.40 could boost prices to higher levels. Inability to challenge above the same may be an early sign of long liquidation move.
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