Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 10 February 2022 By Geojit Financial
BULLION
GOLD
Consecutive days of buying sentiments may stretch higher in today’s session as well. Even in this positive bias, an unexpected fall below 48440 may gradually push prices lower.
SILVER
Present buying possibly to strengthen towards the upside objective of 63800 or even higher. But a direct fall below 62600 may squeeze down prices lower in the later session.
ENERGY
CRUDEOIL
If prices remain below 6810 region could expect prices to trade lower. But determined trades above the same may lift prices further higher.
NATURAL GAS
Current feebleness of prices may extend lower towards the downside objective of 290 or even lower. But recovery trades above 312 may induce fresh buying in the later session.
BASE METALS
COPPER
Broad bullish move possibly to uphold in the session to come towards the upside objective of 789 or even higher. But a corrective fall below 777 may dent our buying expectation.
NICKEL
Ensuing buying sentiments likely to continue towards the upside objective of 1802 or even higher. But a corrective fall which claim below 1762 may be a sign of intraday weakness.
ZINC
Ensuing buying sentiments largely to uphold towards 311. Although a corrective fall below 306.80 may dent intraday buying expectation.
LEAD
Further buying may be seen only by decisive trades above 186 region. Inability to mark such trades may grab prices lower towards the downside objective of 184 or even lower.
ALUMINIUM
Current bullish move may persist in the upcoming session towards the price objective of 265.40 or even more. But a corrective fall below 261.30 may call a long liquidation move.
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