Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 09 November 2021 By Geojit Financial
BULLION
GOLD
Prices possibly to trade higher in the upcoming session if prices stay above the 47920 region. However, a dip below the downside obstacle of 47920 may eventually squeeze down prices lower.
SILVER
Next stage of buying may trigger only by decisive trades above 65450 region. Else hold the same for prices to turn lower in the upcoming session.
ENERGY
CRUDEOIL
Next stage of buying may trigger only by decisive trades above 65450 region. Else hold the same for prices to turn lower in the upcoming session.
NATURAL GAS
Solid trades above the upside hurdle of 6170 could trigger fresh buying in the session to come. Failed to challenge above the same may diffuse intraday buying.
BASE METALS
COPPER
Weakness may continue in the later session if prices stay below 408 region. Although a sudden rise above the same may gradually lift prices higher.
NICKEL
Ensuing buying sentiments likely to uphold in the upcoming session towards the upside objective 1532 or even higher. But a price fall below 1502 may be a sign of weakness
ZINC
Prices have been approaching towards the upside hurdle of 280.40 region. Which if breaks could extend present buying in the upcoming session.
LEAD
Prices likely to consolidate with in the trading range of 186- 188.80 region. A firm move which breaks either side of the above-mentioned region could set the directional move.
ALUMINIUM
Intraday buying may set in motion only by solid trades above the upside hindrance of 208.50 region. Else hold the same for a downside corrective move in later session towards 203 or even more.
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