Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 17 January 2022 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
Intraday buying may trigger only by solid trades above 48040 region. Failed to move past above the same may phase out intraday buying and can expect choppy trades with mild negative trend.
SILVER
As long as prices float above the downside hindrance of 61600 could lift prices higher towards 62800 initially then to 63300. But a corrective dip below 61600 may squeeze down prices lower.
ENERGY
CRUDEOIL
Prices seen in an overbought state and intraday move largely to be southbound if prices remain below 6290. But determined trades above the same may lift prices further higher.
NATURAL GAS
Intraday price recovery may be seen only by decisive trades above 328 region. Inability to challenge above the same may eventually push prices lower to 304 or even lower.
BASE METALS
COPPER
Ensuing selling sentiments may stretch lower towards the downside objective of 732 followed by 727. On the other hand, retreating trades above 744 would be a sign of fresh recovery move in the later session.
NICKEL
Prices look exhausted after recent consecutive days of gains. So, if prices remain below 1645 could expect price to trade lower to 1610 or even lower.
ZINC
Intraday buying may sustain only by tangible trades above 290.30 region. Which if remain undisturbed could expect prices to trade lower 285 region.
LEAD
Prices possibly to extend its buying sentiments towards the upside objective of 191 or even more. But dip below 188.30 may be a sign of intraday weakness.
ALUMINIUM
Prices still have room for gains and possibly to stretch towards 237.40 region. But a corrective fall which settle below the hourly bollinger middle band level of 234.40 may dent our buying expectation.
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
