Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 24 March 2021 By Geojit Financial
BULLION
GOLD
Prices still stuck in consolidation range waiting for directional move. However, like we said last day, a determined move which breaks either side of the price range of 44500-45100 could set the trend.
SILVER
Price clearly held the downside obstacle of 65000 region. Which if remained unclaimed could invite fresh buying in the coming session.
ENERGY
CRUDEOIL
Present recovery move may withstand only above 4390 region. If not such trades take place may bid a corrective downside move in the later session.
NATURAL GAS
Decisive trades above the upside hindrance of 187 could boost prices further higher. Else hold the same for a downside corrective move in the coming session.
BASE METALS
Copper
Witnessing buying sentiments may flourish only by sturdy trades above 679 region. If prices failed to mark such move may dent intraday buying sentiments.
NICKEL
If prices remained above the downside hindrance of 1155 region could expect prices to inched higher. A direct dip below the same may push prices lower.
BASE METALS
Zinc
A major price recovery may be seen only by solid trades above 220.60 region. Else hold the same for further price slippage.
Lead
Price yet to take off above the upside obstacle of 162.20 for a major buying. Botched attempt to crack above the same may push prices lowe
BASE METALS
Aluminium
Prices possibly to extend higher the present buying move if prices stay above the downside hurdle of 175.50 region. But dip below the same may squeeze down prices lowe
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