Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 14 October 2021 By Geojit Financial
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
BULLION
GOLD
Previous session prices surge possibly to extend further in the upcoming session. Even in this bullish expectation, a corrective fall which close below 47560 may dent our buying expectation.
SILVER
Observing buying sentiments largely to gain momentum further in the session to come. But a long liquidation move which revisit below 62800 may be a sign of intraday weakness.
ENERGY
CRUDEOIL
Further buying may develop only by tangible trades above 6160 would be an early sign of fresh buying in the upcoming session. Inability to mark trades above the same may seize down prices lower.
NATURAL GAS
Determined trades above the upside hindrance of 437 could trigger fresh buying in the session to come. Failed to challenge above the same may grab prices lower .
BASE METALS
COPPER
Broad buying still intact and possibly to extend higher in the later session. But a corrective fall which settle below 762 may eventually push down prices lower.
NICKEL
Intraday buying may withstand only by decisive trades above 1515 region. Is the above-mentioned region undisturbed could expect a long liquidation move.
ZINC
Early dips could be possible for broad buying to persist. Even in this bullish sentiments slippage below 288 may bid intraday long liquidation move in the upcoming session.
LEAD
Prices still been trading in a consolidation range with wild moves. However decisive trades above 186 may boost prices higher. Else hold the same for range bound trades with mild negative bias.
ALUMINIUM
Broad bullish sentiments look undisturbed and possibly to uphold in the upcoming session. Although, a corrective fall below the downside hurdle of 248 may be a sign of intraday weakness.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
