Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 27 July 2021 By Geojit Financial
BULLION
GOLD
By breaking the downside hurdle of 47280 could squeeze prices lower. Else, hold the same for a prices to recovery in the upcoming session towards previous days high.
SILVER
Resurging trades above 67900 could boost prices higher. Failed to challenge above the same may be sign of intraday weakness in the coming session.
ENERGY
CRUDEOIL
Prices have been approaching towards the upside hindrance of 5420 region. Inability to crack above the same may be an early sign of long liquidation in the upcoming session.
NATURAL GAS
Prices look exhausted after recent consecutive gains and intraday move largely to be downward if prices stay below 308 region. But rise above the same may push prices higher.
BASE METALS
COPPER
Intraday move is expected to be northbound. In this bullish expectation, an unexpected fall which settle below 752 may be a sign of long liquidation move.
NICKEL
Present corrective downside move may progress only below 1442 region. Which if remain undisturbed could activate a price rebound towards the previous session high.
ZINC
Broad buying still intact and possibly to uphold in the session to come. But a corrective fall which claim below 242.60 may be a sign of downside corrective move .
LEAD
Prices have been consolidating in falling trend channel with mild negativity. But rise above 178.50 could boost prices higher in the later session.
ALUMINIUM
As long as prices stay below the upside hindrance of 201.20 region could expect prices to trade lower. But retreating trades above the same may induce fresh buying on coming session.
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