320-x-100_uti_gold.jpg" alt="Advertisement">
Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 04 April 2022 By Geojit Financial
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
BULLION
GOLD
Intraday weakness may be seen only by decisive trades below 51080 region. Botched attempt to do such trades, could boost up prices towards the upside objective of 51800.
SILVER
Prices still trapped in the consolidation range with lack of directive trades. Even in this perplexing situation a surprise fall below 66300 may bid weakness to the counter. If the above-mentioned region remain undisturbed could boost prices higher in the later session.
ENERGY
CRUDEOIL
As long as prices remain above the downside hurdle of 7420 could expect prices to trade higher. On the flipside, a corrective fall below the same may dent our buying expectation
NATURAL GAS
Prices still have room for gains and possibly to extend towards the upside objective of 440 or even higher to 444. Even in this positive outlook reclaiming trades below 426 may be a sign of weakness.
BASE METALS
COPPER
Dip below 810 may be a sign of intraday weakness. Failed to activate such trades may help prices to recoup higher to 821 or even higher to 826.
NICKEL
Price sentiments remain positive but need to challenge above the upside hurdle of 2600 to persist broad buying. Inability to achieve such trades may eventually push prices lower.
ZINC
Ensuing buying sentiments likely to uphold towards the upside objective of 362 or even higher. But there is equal plausible chance of an intraday weakness if prices settled below 356 region.
LEAD
Intraday move is expected to be north bound if prices remain above 186 region. Even in this positive note, a corrective fall below the same may induce fresh selling in the session ahead.
ALUMINIUM
Intraday weakness may be seen only by tangible trades below 279 region. Else we could expect prices to trade higher towards the upside objective of 286 region.
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
