Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 20 May 2022 By Geojit Financial
BULLION
GOLD
Ensuing buying sentiments likely to uphold toward the upside objective of 50960 or even higher to 51200. On the other hand, a corrective dip below 50560 may grab prices lower.
SILVER
As long as prices stay above 61600 could extend the buying sentiments towards the upside objective of 62500 or even higher to 63300. A direct fall below 61600 may dent intraday buying sentiments.
ENERGY
CRUDEOIL
If prices remain below 8620 could extend weakness in the session ahead. Although recovery trades above the same may induce fresh buying.
NATURAL GAS
Current feebleness of prices may extend towards the downside objective of 610 or even lower to 596. However, retreating trades above 638 would be a sign of intraday price recovery.
BASE METALS
COPPER
Witnessing buying sentiments largely to continue towards the EMA level of 782 region or even higher. But a corrective fall below 773 may squeeze down prices lower.
NICKEL
By breaking off the upside hurdle of 2220 region could lift prices higher. Failed to attain trades above the same may gradually squeeze down prices lower
ZINC
Present buying sentiments still intact and possibly to stretch higher towards 327 or even more. Although a corrective fall below 321.20 may dent our buying expectation.
LEAD
Decisive trades above 183 could boost prices higher. Which if remain undisturbed may grab prices lower.
ALUMINIUM
Present buying sentiments likely to uphold towards the upside objective of 251 or even higher. A corrective fall which claim below 245 may push prices lower.
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
Top News
GMM Pfaudler zooms on completing acquisition of majority stake in global business of Pfaudle...
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...