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Published on 14/01/2020 5:11:11 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Copper, Nickel, Zinc Commodity Report of 14 January 2020 By Geojit Financial

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

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Gold

Technical Commentary

Determined trades above 39530 could lift prices higher. Else could expect prices to trade lower to 38280 then to Bollinger lower band level of 39110.

 

Silver

Technical Commentary

Next stage of selling could see only below 50-Day EMA level of 45720 region. Which if remain untouched could expect price recovery towards 46570 then to 46850.

 

Crude Oil

Technical Commentary

Broad selling still undisturbed and possibly to continue in the coming session. But a direct rise above 4175 could lift prices higher.

 

Natural Gas

Technical Commentary

Price recovery could see in the coming session towards 157.30 then to 160 region. In this positive note, direct fall below 153.30 may dent our buying expectation.

 

Copper

Technical Commentary

As long as prices remain below the trend line resistance of 452.50 region could anticipate weakness towards 447 or even lower to 445.30. Rise above 452.50 may lift prices higher.

 

Nickel

Technical Commentary

Ensuing selling sentiment likely to prolong in the coming session towards the Bollinger lower band level of 1001 then to 990. In this dreary picture, Surprise move above 1026 could lift prices higher.

 

Zinc

Technical Commentary

As long as prices trade below the Bollinger middle band level of 181.70 could expect further weakness towards 179 or even lower. On the flipside, direct rise above 181.70 may push prices higher.

 

Lead

Technical Commentary

Current feebleness may extend lower towards the Bollinger lower band level of 149.40 then to 148.60. Prices recovery could see only above 152.20.

 

Aluminium

Technical Commentary

Intraday move is possibly to downside with an immediate objective of 139.30 then to SMA level of 138. But direct rise above 141.20 could lift prices higher.

 

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