10-06-2021 05:14 PM | Source: Geojit Financial Services Ltd
Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 06 October 2021 By Geojit Financial
News By Tags | #473 #4943

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BULLION

GOLD

Intraday move is expected to be northbound if prices stay above 46430 region. In this positive sentiments, a surprise fall below the same may dent our buying sentiments .

 

SILVER

Major price recovery may begin only by conclusive trade above 61500 region. Botched attempt to mark trades above the same may push prices higher.

 

ENERGY

CRUDEOIL

Ensuing buying sentiments likely to continue in the upcoming session if prices remain above 5845 region. But a corrective fall which settle below the same may bid long liquidation move.

 

NATURAL GAS

Broad buying still unharmed and possibly to stretch in the upcoming session. In this bullish sentiments, a corrective fall which settle below 468 may grab prices lower.

 

BASE METALS

COPPER

Intraday weakness may be seen only by decisive trades below 698 region. If the above-mentioned region remain untouched could expect prices to trade higher.

 

NICKEL

Prices possibly to float within the trading range of 1420-1390 region. A firm move which cracks either side of the mentioned region could set the intraday directional move.

 

ZINC

Intraday price recovery may withstand only by tangible trades above 258.50 region. Inability to challenge above the same may eventually squeeze down prices lower.

 

LEAD

Witnessing long liquidation move likely to extend in the upcoming session if prices stay below the upside obstacle of 182 region. A vertical rise above the same may induce fresh recovery move.

 

ALUMINIUM

Prices have been approaching towards the downside hindrance of 231.50 region, break below the same could extend present weakness. Else hold the same for a price recovery.

 

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