01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 28 May 2021 By Geojit Financial
News By Tags | #473 #4943

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BULLION

Major weakness may be witnessed only by breaking the downside obstacle of 48220 region. However, failed to claim below the same may call fresh buying in the coming session.

 

SILVER

Major buying may be seen only above 71800 region. Else hold the same for a downside corrective move in the later session.

 

ENERGY

CRUDEOIL

Ensuing buying sentiments likely to uphold in the coming session. In this positive note, a corrective fall below 4810 may be a sign of downside fall in the coming session.

 

NATURAL GAS

If prices stay above the downside hindrance of 212 region could expect prices to gain higher. However, a surprise fall below the same may be a sign of bearish sentiments.

 

BASE METALS

Copper

As long as prices stay below the upside hindrance of 764.80 region could expect further weakness. But rise above the same could trigger fresh buying in the coming session.

 

NICKEL

Next stage of weakness may establish only by tangible trades below 1288 region. Inability to challenge below the same may push prices higher in the session to come.

 

Zinc

Further weakness may be seen only below the downside obstacle of 234.70 region. Which if remain undisturbed could bid a recovery move in the later session.

 

Lead

Intraday move is largely to be south bound if prices stay below 173 region. But in this bearish sentiments recuperating trades above the same could boost prices higher.

 

Aluminium

If prices remained below the Bollinger middle band level of 195.30 could anticipate a downside corrective move. Although retreating trades above the same would increase the chances of a price recovery move.

 

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