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Published on 17/06/2019 4:58:41 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Copper, Nickel, Zinc Commodity Report Of 17 June 2019 By Geojit Financial

Posted in Commodities Reports| #Commodity Tips #Geojit Financial Services Ltd

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Gold

Technical Commentary

Witnessing weakness may retain only by promising trades below the trend line support of 32780. Which if remain unbroken could revive broad buying sentiments and such move would possibly test 33080.

 

Silver

Technical Commentary

Frequent trades above the Bollinger upper band level of 37360 could lift prices higher towards 37700 region. Else could anticipate further price slippage towards 36680 then to 36500.

 

Crude Oil

Technical Commentary

A direct fall below the rising trend line support of 3595 could grab prices lower. Failed to breach below the aforementioned region would an early sign for pullbacks towards 3720 followed by 3765

 

Natural Gas

Technical Commentary

Intraday move largely to be north bound towards the Bollinger middle band level of 171.70 followed by 174.80. However, revisiting trades below 165.60 could squeeze down prices lower.

 

Copper

Technical Commentary

By breaking the trend line support of 404.90 may squeeze down prices towards the Bollinger lower band level of 401. Failed to mark trades below 404.90 could call a recovery move towards the Bollinger middle band level of 410.50.

 

Nickel

Technical Commentary

Region of 865 looks to be a formidable region, which if breaks in the coming session could extend weakness towards the Bollinger lower band level of 854. Botched attempt to challenge below 865 could draw fresh buying towards 883.

 

Zinc

Technical Commentary

Current feebleness of prices likely to extend lower in the coming session towards downside objective of 201 followed by EMA level of 197. However, substantial trades above the hourly EMA level of 204.20 could boost prices higher.

 

Lead

Technical Commentary

Price have been nearing towards the rising trend line support of 152.90 region. Which if breaks in the coming session could extend weakness towards 150.60 followed by 149.50. Failed to crack below 152.90 could lift prices back to 155.10 region.

 

Aluminium

Technical Commentary

Witnessing weakness may continue in the coming session towards the horizontal trend line objective of 141.50 firstly then to 140.20. Though successful trades above the Bollinger middle band level of 142.80 could call intraday recovery move.

 


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