Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 05 October 2021 By Geojit Financial
BULLION
GOLD
Present recovery move is likely to uphold if prices stay above the 46380 region. In this positive structure, a corrective fall below the same may push prices lower.
SILVER
Next phase of buying may trigger only by tangible trade above 61500 region. Inability to crack above the same may bid fresh selling in the upcoming session.
ENERGY
CRUDEOIL
Witnessing buying sentiments likely to strengthen in the upcoming session if prices stay above 5740 region. But a corrective fall below the same may induce fresh selling in the upcoming session.
NATURAL GAS
Witnessing bullish move may persist in the upcoming session if prices stay above 438 region. In this positive sentiments, a corrective fall below the same may grab prices lower.
BASE METALS
COPPER
Prices likely to find the support around the 708 region for a prices to gain higher. But a direct fall below the same may gradually squeeze down prices lower in the upcoming session.
NICKEL
If prices remain below the upside hindrance of 1405 region could anticipate further weakness in the upcoming session. On the flipside, decisive trades above the same could boost prices higher.
ZINC
Prices possibly to float within the trading range of 255-258 region in the upcoming session. A firm move which breaks either side of the aforementioned region could set fresh directional move.
LEAD
As long as prices stay below 184 region could expect prices to trade lower in the upcoming session. However, surging trades above 184 could boost prices higher.
ALUMINIUM
By breaking off the upside hurdle of 234.60 could boost prices higher in the upcoming session. Failed to challenge above the same may squeeze down prices lower.
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