Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 04 October 2021 By Geojit Financial
BULLION
GOLD
Present weakness less likely to persist and possibly to find support around 46180 region for a price rebound. Although determined trades below the same may grab prices lower.
SILVER
Previous session recovery move possibly to stretch higher in the coming session. However, a corrective dip which settle below 60100 may push prices lower.
ENERGY
CRUDEOIL
Ensuing buying sentiments possibly to uphold in the upcoming session if prices stay above 5590 region. But a direct fall below 5590 may gradually push down prices lower.
NATURAL GAS
Dominant bullish sentiments possibly to stretch further higher in the upcoming session. Even in this bullish note, dip below 426 may squeeze down prices lower
BASE METALS
COPPER
Intraday move is expected to be northbound if prices stay above 712 region. In this positive picture, a surprise fall which settle below the same may grab prices lower.
NICKEL
As long as prices remain below the upside hindrance of 1405 region could anticipate further weakness in the upcoming session. On the flipside decisive trades above 1405 may induce fresh buying
ZINC
Prices likely to extend present buying sentiments in the upcoming session. However, slippage past 253.50 may be a sign of intraday weakness.
LEAD
Intraday move is expected to be southbound if prices stay below 184.80 region. Although determined trades above the aforementioned region could set off fresh upside move.
ALUMINIUM
Prices have been approaching towards the immediate upside hurdle of 231.40, which if breaks could boost prices higher. Else hold the same for a corrective fall in the upcoming session
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