MENU

Published on 19/11/2019 10:32:04 AM | Source: Choice Broking Pvt Ltd

On the daily chart, the price glittered 0.55% in the previous trading session - Choice Broking

Posted in Commodities Reports| #Commodity Tips #Choice Broking

Gold

* On the daily chart, the price glittered 0.55% in the previous trading session.

* Moreover, the price has shifted above the 21*50 day’s, which adds bullish strength in the counter.

* Furthermore, the price has taken the support of the Rising Trendline.

* Additionally, momentum indicator RSI(14) has shown positive crossover, which indicates bullishness.

* As per the above technical structure; we can expect bullish move in the counter.

 

Silver

* On the daily chart, the price erased it’s entire fall and closed with positive note with the gain of 0.36%.

* Moreover, the price has pulled back from the lower Bollinger Band, which adds support in the counter.

* Furthermore, the price has taken the support of the Rising Trendline, which signifies bullish strength in the counter.

* Momentum indicators MACD has been moving with positive crossover.

* As per the above technical structure; we expect bullish move in the counter.

 

Copper

* On the daily chart, the price closed flat in the last session.

* Moreover, the price has fallen after taking resistance of the Bollinger Band Median line.

* Furthermore, the price has shifted below the 50*200 day's SMA’s and also it has shifted below the Parabolic Sar, which confirms weakness in the counter.

* Momentum indicator RSI(14) has shown negative crossover, which confirms power to the bears.

* As per the above technical structure; we expect bearish move in the counter.

 

Nickel

* On the daily chart, the price drifted by 1.15% in the last session.

* Moreover, the price has been trading below the lower line of the Falling Channel, which adds pressure in the counter.

* Additionally, the price is trading below the 21*50 SMA’s, which confirms the downtrend.

* Also, Momentum indicator RSI(14) has shown a negative crossover, which indicates bearishness.

* As per the above technical structure; we expect bearish move in the counter.

 

Crude Oil

* On the daily chart, the price closed with negative note and drifted 1.09% in the last session.

* Moreover, the price pushed back from the upper Bollinger Band, which adds pressure in the counter.

* Furthermore, the price has also faced the resistance of the Falling Trendline, which confirms power to the bears.

* In addition, momentum indicator RSI (14) has shown negative crossover.

* As per the above technical structure; we expect bearish move in the counter.

 

Natural Gas

* On the daily chart, the price slipped 2.80% in the last session.

* Moreover, the price has shown a breakdown from the 38.20% Retracement level, which indicates negative strength in the counter.

* Also, the price has shifted below the Parabolic Sar, which signifies bearish strength.

* Momentum indicator RSI (14) has shown a negative crossover, which adds more bearishness.

* As per the above technical structure; we expect bearish move on the counter.

 

RM Seed

* On the daily chart, the price fell by 0.28% in the last session.

* Moreover, the price has shifted below the median line of the Bollinger Band, which signifies bearish strength in the counter for the near term.

* It has also shifted below the 21 day’s EMA, which indicates negative strength.

* Momentum indicator RSI(14) has moved below it’s 50 level, which indicates bearishness.

* As per the above technical structure; we expect downwards move in the counter.

 

Soybean

* On the daily chart, the price slipped 0.53% in the last session.

* Moreover, the price has pushed back from the upper Bollinger Band, which offer resistance for the counter.

* It has also shifted below the Parabolic Sar, which adds negative strength in the counter.

* Momentum indicators RSI(14) has retreated from it’s overbought levels, which indicates bearishness.

* As per the above technical structure; we expect bearish move in the counter.

 

Rubber

* On the daily chart, the price has closed with in positive note during the previous session.

* However, the price is trading above the median of the Bollinger Band.

* Moreover, It has also sustained above the 21*50 days SMA’s and Parabolic Sar, which supports for short term.

* Momentum indicators RSI(14) has sustained above the 50 level, which could maintain strength in the counter.

* As per the above technical structure; we expect bullish move in the counter.

 

Diamond

* On the daily chart, the price closed in a positive note during the last session.

* However, It has sustained above the 21*50 days SMA’s and Parabolic Sar, which signifies bullish strength for the short term.

* Furthermore, the price has sustained above the Falling Trendline, which adds support in the counter.

* Momentum indicators MACD has crossed above the zero level, which indicates bullishness.

* As per the above technical structure; we expect bullish move in the counter

 

To Read Complete Report & Disclaimer Click Here

 

For More choiceindia Disclaimer https://choicebroking.in/disclaimer

 

Views express by all participants are for information & acadamic purpose only. Kindly read disclaimer before refering below views. Click Here For Disclaimer