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Published on 25/06/2019 5:07:42 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Copper, Nickel, Zinc Commodity Report Of 25 June 2019 By Geojit Financial

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

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Gold

Technical Commentary

Current bullish momentum may prolong in the coming session towards the upside objective of 34600 followed by trend line resistance of 34760 region. However, revisiting trades below 34280 may temporarily diffuse intraday buying sentiments.

 

Silver

Technical Commentary

Broad buying still intact and possible to extend towards the upside objective of 38500 followed by 38900. But direct fall below candle low of 37940 may snatch down prices lower.

 

Crude Oil

Technical Commentary

MACD positive cross over and pattern formation pointing for further gains in the coming session towards 4065 followed by 4120 region. On the other hand, direct fall below 3965 could grab prices lower.

 

Natural Gas

Technical Commentary

Next stage of buying could trigger only above the horizontal trend line obstacle of 161.50 region. Inability to succeed above the same would be an early sign for a corrective move towards 154 region.

 

Copper

Technical Commentary

Prices have been approaching towards the horizontal trend line resistance of 420 region. Which if breaks in the coming session could boost prices to 421.50 followed by 424.70. Failed to crack above 420 could squeeze down prices lower.

 

Nickel

Technical Commentary

As long as prices sustain above the 50-Day EMA level of 879 could expect further gains towards the trend line objective of 903 followed by 915. On the flipside intraday weakness could trigger only below 879.

 

Zinc

Technical Commentary

Substantial trades above the horizontal trend line resistance of 205 could lift prices higher. Botched attempt to crack above the same could squeeze down prices to 201 region.

 

Lead

Technical Commentary

Ensuing buying sentiment likely to uphold in the coming session towards the upside objective of 156.40 followed by 157 region. But reclaiming trades below the SMA level of 154.20 could dent our buying expectation

 

Aluminium

Technical Commentary

Intraday move largely to be north bound towards the immediate objective of 145.30 followed by the Bollinger upper band level of 146. However, direct fall below 143.20 could grab prices lower.

 

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