Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 26 July 2021 By Geojit Financial
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BULLION
GOLD
If prices gain above the obstacle of 47830 would be a sign of extension of intraday buying. But there is equal plausible chance of downside corrective fall unless prices sustain above 47830 region.
SILVER
Reclaiming trades above 68100 could boost prices higher. Inability to challenge above the same may keep prices within the previous week trading range with negative bias.
ENERGY
CRUDEOIL
Further buying may activate only by decisive trades above the 5390 region. Which if remain undisturbed could expect a downside corrective move in the later session.
NATURAL GAS
Consecutive days of buying sentiments may prolong if prices hold the downside hindrance of 299 region. But a surprise fall below the same may bring about fresh selling in the coming session.
BASE METALS
COPPER
Present buying sentiments largely to continue in the coming session if prices stay above 738 region. But dip below the same may be a sign of downside corrective move.
NICKEL
Established buying sentiments still have room further gains if prices stay above 1452 region. On the flipside, a corrective fall below 1452 may induce fresh selling in the coming session.
ZINC
Ensuing buying sentiments likely to persist in the coming session. Although in this bullish sentiments, a direct fall through the region of 242 may eventually call fresh selling for evening session.
LEAD
Prices have been in wide consolidation with mild negative bias. However, a direct rise above the 179.10 could boost prices higher in the upcoming session.
ALUMINIUM
If prices remain above the downside support of 198.80 region could expect present buying to persist. But a direct fall which claim below the same may be a sign of intraday weakness.
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