Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 29 september 2021 By Geojit Financial
BULLION
GOLD
Intraday buying may activate only by tangible trades above 46090 region. Else, prices may hold the same for a further weakness in the later session.
SILVER
Major sell off may activate only by decisive trades 59400 region. If the above-mentioned region remain unbroken could expect prices to trade higher.
ENERGY
CRUDEOIL
Early price dips could be possible for price rebound to higher. In this positive sentiments, an unexpected fall below 5470 may trigger fresh selling on coming session.
NATURAL GAS
Dominant bullish move still intact and possibly to stretch further higher. Although in this positive picture, a corrective fall below 420 may eventually push prices lower.
BASE METALS
COPPER
Prices possibly to trade with in the trading range of 719-710 region. A firm move which claim either side of the mentioned region could set off fresh directional move.
NICKEL
Breaking off the downside 1414 would be a sign of long liquidation move in the coming session. Botched attempt to challenge below the same would trigger fresh buying for intraday.
ZINC
If prices remain below the upside hindrance of 261 could expect further weakness in the upcoming session. Decisive trades above the same could boost prices higher.
LEAD
Further weakness may be seen only below the Bollinger middle band level of 182.30 region. Else hold the same for a price rebound in the upcoming session.
ALUMINIUM
Prices yet to take off above the above the upside hurdle of 235.40 to initiate next stage of buying move. Which if remain untouched could expect a long liquidation move.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer