Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 28 september 2021 By Geojit Financial
BULLION
GOLD
Dip below the downside obstacle of 45740 may push prices lower. Failed to initiate such trade may bid a fresh recovery move in the upcoming session.
SILVER
Major sell off may activate only by decisive trades 59400 region. Inability to challenge below the same may boost prices higher in the upcoming session.
ENERGY
CRUDEOIL
Ensuing buying sentiments possibly to extend in the coming session if prices stay above the downside hurdle of 5610 region. On the flipside, slippage below the same may grab prices lower
NATURAL GAS
Broad bullish sentiments still intact and possibly to continue. Even in this dominant buying sentiments, a surprise fall below 443 may eventually push down prices lower.
BASE METALS
COPPER
Intraday move is largely to be southbound if prices stay below 722 region. In this bearish sentiments, retreating trades above the aforementioned region could set off fresh buying
NICKEL
Present long liquidation move possibly to extend lower. But there is equal plausible chance of price recovery if prices stay above the upside hurdle of 1443 region.
ZINC
Present long liquidation move possibly to extend lower. But there is equal plausible chance of price recovery if prices stay above the upside hurdle of 1443 region.
LEAD
Ensuing buying sentiments possibly to uphold in the coming session. Even in this positive outlook, a corrective move which slip below 182.80 may eventually squeeze down prices lower
ALUMINIUM
If prices remain below the upside hindrance of 233.40 region could expect prices to turn lower. But a direct rise above the same could induce fresh buying in the coming session.
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