Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 29 November 2021 By Geojit Financial
BULLION
GOLD
Reclaiming trades above the region of 48380 may be a sign of fresh buying in the session to come. Botched attempt to crack above the same may push prices slower.
SILVER
Major price recovery may activate only by remarkable trades above the upside hindrance of 64700 region. Else could anticipate a downside corrective move in the later session to come.
ENERGY
CRUDEOIL
Witnessing recovery sentiments may sustain only by tangible trades above the upside hindrance of 5480 region. Inability to achieve such trades may call for 5200 or even more.
NATURAL GAS
Intraday weakness may trigger only by decisive trades below 374 region. Failed to slip past below the same may boost prices higher towards 400 region.
BASE METALS
COPPER
Present buying sentiments possibly to stretch higher in upcoming session if prices hold the downside hindrance of 732 region. A surprise fall which settle below the same may dent our buying sentiments.
NICKEL
By breaking off the upside hurdle of 1572 would be a sign of fresh buying in the upcoming session. Failed to challenge above the same may gradually push prices lower.
ZINC
Intraday move is expected to be northbound if prices stay above the downside hindrance of 271.30 region. But an unexpected fall below the same may bid fresh selling in the coming session.
LEAD
Major price recovery may be seen only above 188.30 region. Else hold the same for a corrective dip in the upcoming session.
ALUMINIUM
Present recovery move may strengthen only above upside hindrance of 214.30 region. Which if remain undisturbed could expect prices to trade lower in the session to come.
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