Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 10 January 2022 By Geojit Financial
BULLION
GOLD
Reclaiming trades 47620 could entice fresh recovery move in the upcoming session. Failed to close above the same may gradually push prices lower to 47310 or even more.
SILVER
Intraday buying may be seen only above 61350 region. Failed to achieve such trades may be a sign of intraday weakness to 60450 firstly followed by 60000.
ENERGY
CRUDEOIL
.Intraday weakness may be seen only below 5820 region. Failed to mark such trades would persist broad buying in the later session towards 5970 or even more.
NATURAL GAS
Present recovery move likely to intact and possibly to stretch to 310 or even more to 313.80. Even in this positive bias, a corrective dip below 301 may push prices lower.
BASE METALS
COPPER
If prices remain above the downside obstacle of 737.80 could lift prices further higher. But an unexpected fall below the same with volume may dent our buying expectation.
NICKEL
By breaking off the upside hindrance of 1590 could induce fresh buying in the session to come. Inability to mark such trades may squeeze down prices lower.
ZINC
Intraday move is expected to be north bound if prices remain above 287 region. But a surprise fall below the same may eventually push prices lower.
LEAD.
Dip below 184.80 would be a sign of weakness. Which if remain undisturbed could boost prices to 187.60 region.
Aluminium
.Reclaiming trades above 234 may ignite fresh buying in the upcoming session. Failed to close above the same may grab prices lower to 230.
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