Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 25 August 2021 By Geojit Financial
BULLION
GOLD
Ensuing buying sentiments likely to uphold in the coming session. Even in this buying expectation, a corrective fall which claim below 47140 may push prices lower.
SILVER
Major bullish trend may set off only by sturdy trades above the upside obstacle of 64800 region. Failed to crack above the same may call a corrective move in the upcoming session.
ENERGY
CRUDEOIL
Next stage of buying may trigger only by decisive trades above the 5070 region. Inability to challenge above the same may bid a long liquidation move in the upcoming session.
NATURAL GAS
Intraday weakness may be seen only by firm trades below 287 region. Else hold the same for a price recovery in the upcoming session.
BASE METALS
COPPER
Witnessing recovery move likely to stretch higher towards 727 or even more. But a corrective fall which settle below 716.40 may be sign of corrective move.
NICKEL
Major buying may be seen only by tangible trades above the Bollinger middle band level of 1453 region. Which if remain undisturbed could expect prices to turn lower.
ZINC
Ensuing buying sentiments largely to uphold in the session to come. Although in this buying picture, dip below 247 may be a sign of long liquidation move .
LEAD
Ensuing buying sentiments possibly to persist in the coming session. But a surprise fall below 178.70 may dent our buying expectation.
ALUMINIUM
Ensuing buying sentiments likely to continue in the coming session towards higher levels. In this positive sentiments, an unexpected fall below 207.70 may squeeze down prices lower.
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