Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 11 April 2022 By Geojit Financial
BULLION
GOLD
Ensuing buying sentiments possibly to extend in the session ahead towards 52400 followed by 52630. Even in this positive outlook, a corrective fall below 52070 may be sign of weakness.
SILVER
Prices have been nearing towards the upside hindrance of 68200 region. Which if gives way could extend present buying sentiments. Else hold the same for prices to take a dip towards 67000.
ENERGY
CRUDEOIL
As long as prices remain below the upside hurdle of 7430 region could expect further weakness. But determined trades above the same would be a sign of fresh buying in the session ahead.
NATURAL GAS
Broad buying sentiments likely to uphold towards the upside objective of 488 or even more to 496. But a surprise fall below 474 may be sign of intraday weakness.
BASE METALS
COPPER
By breaking the upside hurdle of 823 could boost up prices. Which if remain undisturbed may eventually push prices lower in the later session towards 810.
NICKEL
Prices continue in the consolidation state within the trading range of 2600- 2300. Prices necessitate to come out from the above-mentioned trading range may set the direction.
ZINC
Present technical chart formation point to further price rally point towards 365.80 or even higher. Even in this bullish price sentiments, a corrective dip below 360 may dent buying sentiments.
LEAD
Prices likely to consolidate within the trading range of 184.70-187. A firm move which breaks either side of the aforementioned region may set off fresh directional move
ALUMINIUM
Intraday price recovery move may sustain only by revisiting trades above 274 region. Failed to achieve trades above the same may push prices lower
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