Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 27 May 2021 By Geojit Financial
BULLION
Broad buying still intact, even though a corrective fall below 48370 would be a sign of mild weakness on the counter. But if the above mentioned region remain untouched could lift prices higher.
SILVER
Intraday move is expected to be downside if prices remained below the 71800 region. In this weak sentiments, decisive trades above the same may invite fresh buying in the coming session.
ENERGY
CRUDEOIL
A direct fall below 4740 may be a sign of long liquidation move in the coming session. If prices unable to mark such trades may boost prices higher.
NATURAL GAS
As long as prices hold the downside obstacle of 216 region could expect prices gain further. In this positive picture, slippage below the same may bid a long liquidation move.
BASE METALS
Copper
Like we said last day if prices remained above the downside obstacle of 743 could expect further price recovery in the session to come. But an unexpected fall which slip below the same may push prices lower.
NICKEL
Determined trades above the immediate obstacle of 1282 could trigger further buying in the coming session. Botched attempt to claim above the aforementioned region may eventually push prices lower.
Zinc
Early dips could be possible to initiate further buying in the evening session. But fall below 232.60 would be a sign of intraday weakness.
Lead
By breaking the downside hurdle of 170.60 may squeeze down prices in the coming session. Inability to activate such trades may lift prices higher.
Aluminium
Witnessing buying sentiments possibly to persist if prices claim above 192.70 region. If prices failed to mark such trades may be a sign of intraday weakness.
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