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Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 28 June 2021 By Geojit Financial
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BULLION
GOLD
Intraday price recovery may establish only by determined trades above 46980 region. Inability to build up trades above the same may bid further weakness in the coming session.
SILVER
Prices likely to consolidate with weakness. Even in this bearish sentiments decisive trades above the which sustain above 69900 could help prices to scale higher.
ENERGY
CRUDEOIL
Prices still have room for further advancement. Even in this positive note, a direct fall through 5455 would be a sign of downside corrective move in the later session.
NATURAL GAS
Consecutive days of buying sentiments possibly to be upheld in the coming session. Even in this dominant buying spree, an unexpected fall below 259 may be a sign of long liquidation move.
BASE METALS
COPPER
Further corrective move may be initiated only by tangible trades below 715 region. Inability to crack below the same could boost up prices higher to previous session highs.
NICKEL
A long liquidation move is likely to progress in coming if prices remain below 1385 region. In this bearish sentiments, robust trades above 1385 may induce fresh buying for today's session.
ZINC
If prices stay below the 236.30 region could expect prices slipe further . In this weak sentiments, retreating trades above the region mentioned above could set off fresh buying .
LEAD
Intraday price recovery may be seen only by promising trades above the Bollinger middle band level of 172.30 region. Which if remain undisturbed could anticipate downside corrective move.
ALUMINIUM
If prices remain above the 192.40 region could expect prices to trade northbound. Although a surprise fall which claim below the same may eventually push prices lower.
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