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08-09-2021 05:24 PM | Source: Geojit Financial Services Ltd
Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 9 August 2021 By Geojit Financial
News By Tags | #473 #4943

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BULLION

GOLD

Current feebleness of prices may intensify in the upcoming session as long as prices remain below 46450 region. On the other hand, retracing trades above the same may dent our intraday weak bias.

 

SILVER

Dominant selling sentiments may persist if prices stay below the upside obstacle of 64800 region. Even in this bleak sentiments, a direct rise above the same may induce fresh recovery move.

 

ENERGY

CRUDEOIL

Initial price recovery could be possible to initiate next stage of selling momentum. But retreating trades above 4960 may gradually lift prices higher.

 

NATURAL GAS

Prices still hesitate to establish a move above the upside hindrance of 313 region. Which if remain unbroken could expect to turn lower. Conversely, a major buying may be seen only above 313.

 

BASE METALS

COPPER

Ensuing selling sentiments largely to persist, however stable trades which sustain above the 729 may be a sign of intraday price recovery in the later session.

 

NICKEL

Present long liquidation move likely to uphold in the session to come. Even in this bearish sentiments, retreating trades above 1444 would be a sign of intraday recovery move.

 

ZINC

Witnessing weakness may strengthen by breaking the downside hurdle of 244 region. If the mentioned region remain untouched could lift prices back to 249 region.

 

LEAD

As long as prices stay below the upside hindrance of 177.80 could expect prices to turn lower. On the other hand, intraday buying may be seen only above 177.80 region.

 

ALUMINIUM

Present long liquidation move likely to progress in the upcoming session if prices stay below the 205.30 region. But retreating trades above the same could boost prices higher.

 

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