Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 27 August 2021 By Geojit Financial
BULLION
GOLD
Witnessing weakness may further see only by tangible trades below 46820 region. If the above- mentioned region remain undisturbed could push prices back to higher levels.
SILVER
Intraday move largely to be northbound if prices stay above 62800 region. Although a surprise fall which establish below the same may call a corrective dip in the upcoming session.
ENERGY
CRUDEOIL
Next phase of bullish move may develop only by tangible trades above the 5105 region. Else hold the same for a downside corrective move in the later session.
NATURAL GAS
Initial dips could be possible before broad buying to gain momentum. In this bullish sentiment, a corrective fall which settle below 306 may squeeze down prices lower.
BASE METALS
COPPER
Prices possibly to float within the trading range of 709.80-720. A decisive move which beak off either side of the above-mentioned region could bid fresh directional move.
NICKEL
Intraday price recovery may be seen only by solid trades above the upside hindrance of 1423 region. Inability to challenge above the same may be sign of further weakness.
ZINC
Intraday buying may activate only by tangible trades above 247.70 region. But there is equal plausible chance of downside corrective move if prices unable to settle above 247.70.
LEAD
Prices still hesitate to mark trade below 176 region. Which if remain untouched could boost prices higher In the upcoming session.
ALUMINIUM
Ensuing buying sentiments likely to uphold in the coming session. in this bullish sentiments a corrective fall which settle below 209.20 may grab prices lower in the upcoming session.
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