Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 23 March 2022 By Geojit Financial
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BULLION
GOLD
Prices likely to consolidate with in the trading range of previous day. A firm move which beak either side of 50900-51700 may set out fresh directional move in the later session.
SILVER
Intraday move is expected to be north bound towards the upside objective of 68900 or even more. On the flipside, a corrective fall which dip below 67700 may be a sign of weakness.
ENERGY
CRUDEOIL
Witnessing buying sentiments largely to extend towards the upside objective of 8590 or even higher to 8700 region. Slippage past 8360 may be sign of intraday weakness.
NATURAL GAS
If prices remain above 387 could anticipate further buying in the session ahead. But an unexpected fall which settle below the same may dent our buying sentiments.
BASE METALS
COPPER
Decisive trades above the upside hindrance of 822 could see prospective gains towards the price objective of 828 or even more. Failed to challenge above 822 may eventually push prices lower in the later session.
NICKEL
Prices likely to continue its volatile moves. However, if prices remain above 2000 region could retain present buying sentiments in the later session. But a corrective fall below the same may dent our buying expectation.
ZINC
Ensuing buying sentiments likely to uphold in the session ahead. Even in this positive sentiments, an unexpected fall below 328.50 may be a sign of intraday weakness.
LEAD
Intraday move is expected to be north bound if prices stay above 181 region. But a corrective fall below the same may dent our buying expectation.
ALUMINIUM
Prices have been approaching towards the upside hindrance of 284 region. Which if breaks could lift prices higher to 285.80 or even more. Failed to achieve trades above 284 may be a sign of intraday weakness.
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