MENU

Published on 6/12/2019 10:19:30 AM | Source: Choice Broking Pvt Ltd

The gold price has gained 0.04% - Choice Broking

Posted in Commodities Reports| #Commodity Tips #Choice Broking

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Gold

* On the daily chart, the price has gained 0.04% during the last session.

* Moreover, the price has shifted above the median line of the Bollinger Band, which adds positive strength in the counter.

* Furthermore, the price has shifted above the 21*50 days SMA’s and Parabolic Sar, which signify bullish sentiments for the counter.

* Additionally, RSI(14) has sustained above the 50 level, which suggests rising prices in the near term.

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

 

Silver

* MCX Silver price has gained 0.42% during the last trading session.

* On the daily chart, the price has shown an upside breakout from the upper Bollinger Band, which adds positive strength in the counter.

* Furthermore, the price has shifted above the 21 days SMA’s, which signify bullish sentiments for the counter.

* Additionally, RSI(14) has sustained above the 50 level, which suggests rising prices in the near term.

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

 

Copper

* On the daily chart, the price has slipped 0.13% during the last session.

* Moreover, the price has shifted below the horizontal trend line, which confirms bearish strength in the counter.

* Furthermore, the price has sustained below the 50*20 day's SMA, which indicates control in the hands of the beers.

* On the other hand, momentum indicator RSI(14) has been moving below the level 50, which may indicate bearish indication.

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

 

Nickel

* On the daily chart, the price glittered 1.81% during the last session.

* However, the price has been trading below the 21*50 days SMA’s, which signifies bearish sentiments in the counter.

* Additionally, the price has also shifted below the Parabolic Sar, which indicates more bearishness.

* Similarly, a momentum indicator RSI(14) has been moving below the level 50, which is a negative sentiment for the near term.

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

 

Crude Oil

* On the daily chart, the price slipped 0.43% in the last session.

* However, the price has pulled back from the lower Bollinger Band, which indicates bullish trend may remain continue.

* Furthermore, the price has also shifted above the 200 SMA which suggest rising prices.

* In addition, momentum indicator RSI (14) has sustained above it’s 50 level which is positive for Crude Oil.

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

 

Natural Gas

* Natural Gas price glittered 1.87% in the previoussession.

* Moreover, the price has taken the support of 78.60% Retracement level and bounced back from the there, which indicates that a bullish reversal can be possible.

* Furthermore, the price has been taking the support of the rising trend line, which adds positive strength in the counter.

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

 

RM Seed

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

* Moreover, the price has been taking the support of the Bollinger Band median line, which signals bullish power in the counter for the near term.

* It has also sustained below 21*50 days SMA’s, which suggests rising prices.

* Momentum indicator RSI (14) has decisively sustained above the 50 level upward, which indicates control in the hands of the bulls.

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

 

Soybean

* On the daily chart, the price closed with negative note in the last session.

* However, the price has been trading above the Bollinger Band median line, which signifies bullish sentiments for the counter.

* Moreover, the price has sustained above the 21*50 days SMA’s, which indicates bullish strength in the counter.

* Momentum indicators RSI (14) has been moving with positive crossover, which indicates control with the bulls.

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

 

Rubber

* On the daily chart, the price closed with negative note during the previous session.

* Moreover, 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 provides the counter with support.

* Momentum indicators RSI(14) has sustained above the 50 level, which could provide strength in the near term.

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

 

Diamond

* On an hourly chart, the price closed with negative note during the last session.

* Moreover, It has sustained below the 21*50 days SMA’s and Parabolic Sar, which signifies power to the bears.

* Furthermore, the price has sustained below the Falling Trendline, which adds pressure in the counter.

* Momentum indicators RSI has crossed below 50 level, which indicates bearishness.

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

 

To Read Complete Report & Disclaimer Click Here

 

For More choiceindia Disclaimer http://www.choiceindia.com/disclaimer.aspx

 

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