Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 30 April 2021 By Geojit Financial
BULLION
GOLD
As long as prices trade below the Bollinger middle band level of 46990 could expect prices to slip lower. But rise above the same would be sign of intraday buying
SILVER
Current feebleness of prices may possibly to strengthen in the coming session. In the mild weak bias, retreating trades above 68100 may cajole fresh buying in the coming session..
ENERGY
CRUDEOIL
Intraday move is expected to be southbound as long as prices stay below 4815 region. But a solid which sustained above the same could lift prices further higher.
NATURAL GAS
By breaking the downside obstacle of 211 could stretch present weakness. If not, could expect a price rebound to higher levels.
BASE METALS
Copper
Witnessing buying may extend only above 764 region. Failed to move close above the same may push prices lower.
NICKEL
Ensuing bullish sentiments largely to continue if prices stay above 1298 region. But dip below the same may grab prices lower in the coming session.
BASE METALS
Zinc
Present buying move may withstand only by solid trades above the 235 region. If the above mentioned region remain untouched could expect a downside corrective move.
Lead
Prices need to crack above the upside obstacle of 175 to initiate next stage of buying move. Inability to mark such trades may grab prices lower.
BASE METALS
Aluminium
Prices have been consolidating since last few day after continues gains. However, a firm move which challenge above 196.20 could lift prices higher Else, hold the same for a corrective downside move.
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