Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 03 December 2021 By Geojit Financial
BULLION
GOLD
Price still have room for further weakness as long as prices stay below 47620 region. But recovery trades above the same eventually lift prices to higher levels.
SILVER
Broad weakness still intact unless prices sustained above 61980 region. But recovery trades above the same may push prices higher in the session to come.
ENERGY
CRUDEOIL
Present recovery move may uphold in the session to come. But a corrective fall which slip below 5070 may be a sign of intraday weakness.
NATURAL GAS
Recovery move may withstand only by tangible trades above 328 region. Which if remain untouched could expect prices to trade lower in the later session.
BASE METALS
COPPER
Present recovery move may extend further in the upcoming session towards the upside objective of 735 region. But a corrective fall below 726 may bid a downside corrective move.
NICKEL
As long as prices remain above the 1542 region hold downside could expect prices to trade higher. But a corrective fall below the same may squeeze down prices lower.
ZINC
Prices possibly to trade higher in the upcoming session if prices stay above 269 region. But an unexpected fall below the same may induce fresh selling.
LEAD
Major price recovery may trigger only by decisive trades above the upside hindrance of 186.50 region. Inability to mark such successful trades may push prices lower.
ALUMINIUM
Prices possibly to trade higher in the upcoming session towards the upside objective of 214 or even more. Although, dip below 211 may be a sign of intraday weakness.
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