01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 22 December 2021 By Geojit Financial
News By Tags | #473 #4943

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

BULLION

GOLD

If prices remain above the downside hindrance of 47700 could boost prices to higher levels. But a corrective fall which claim below the same may be a sign of a downside corrective move.

SILVER

Next stage of buying may trigger only by tangible trades above 62800 region. Failed to mark such trades may be sign of corrective downside fall towards 61400 or even lower.

ENERGY

CRUDEOIL

Present buying sentiments likely to uphold in the coming session if prices remain above 5360 region. On the other hand, a corrective fall below the same may eventually push prices lower

NATURAL GAS

Prices have been consolidating since last few days. Although determined trades above 302 would be sign of fresh buying else could anticipate prices to trade in a congestion region with mild negativity.

BASE METALS

COPPER

Prices still have room for gains and possibly to stretch higher. But there is equal plausible chance of a downside corrective move if prices settle below 742 region

NICKEL

Intraday rally may be seen only by tangible trades above 1560 region. Botched attempt to win above the same may eventually push prices lower towards 1530.

ZINC

Ensuing buying sentiments likely to persist towards the price objective of 291 or even higher to 293.40. But a corrective dip below 285 may be a sign of intraday weakness.

LEAD

If prices remain above the downside support of 192 region could expect further price gains . On the other hand, a corrective fall which claim below 192 may be a sign of intraday weakness.

ALUMINIUM

Present buying sentiments still intact and possibly to extend in the session to come. But a corrective fall below 222.70 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