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 30 April 2021 By Geojit Financial
News By Tags | #473 #4943

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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.

 

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