Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 22 December 2021 By Geojit Financial
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
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