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Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 18 October 2021 By Geojit Financial
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BULLION
GOLD
Previous session weakness may extend only by corrective fall below the downside hurdle of 46900 region. Failed to achieve such trades may induce fresh recovery move in the upcoming session.
SILVER
By breaking off the upside hindrance of 64000 could trigger fresh buying on coming session. However, if the above recommended region remain untouched may bid fresh selling in the coming session
ENERGY
CRUDEOIL
Witnessing buying sentiments strengthen in the upcoming session if prices stay above the downside hurdle of 6190 region. However, a corrective fall which crack below the same may grab prices lower.
NATURAL GAS
A long liquidation move is likely to progress if prices stay below the upside hindrance of 406 region. But there is equal plausible chance of an intraday buying if prices close above 406 region.
BASE METALS
COPPER
Revisiting trades above the upside hindrance of 809 could invite fresh buying in the upcoming session. Botched attempt to reclaim above the mentioned region may bid a corrective fall in the session to come.
NICKEL
Prices still have room for gains and possibly to advance higher in the upcoming session. In this positive sentiments, a corrective fall which settle below 1553 may grab prices lower.
ZINC
Witnessing long liquidation move likely to find support around 310 region for a price rebound in the upcoming session. However, decisive trades below the same may push down prices further lower
LEAD
Prices need to sustain above the upside hindrance of 195 to trigger fresh buying in the upcoming session. Failed to challenge above the same may be sign of long liquidation move.
ALUMINIUM
A corrective fall which claim below 253 may squeeze down prices lower in the coming session. Else hold the same for broad buying to persist
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