ALUMINIUM

Technical outlook

Aluminium June daily chart has formed "Falling wedge" pattern. The last few sessions been in sideways trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the current price action, testing all the way through 134 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 130 then it might turn the trend to bearish/sideways mode. The downside rally could test up to 128. Key resistance holds at 134.

Technical Chart

To Read Complete Report & Disclaimer Click Here

COPPER

Technical outlook

Copper June daily chart has formed "Falling channel" pattern. The last few sessions been in sideways trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 416.50. The upside rally could be testing all the way through 420-423 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 407 level. Key support holds at 407.

Technical Chart

To Read Complete Report & Disclaimer Click Here

LEAD

Technical outlook

Lead June Futures Weekly chart has formed "Falling channel" pattern. The last few sessions been in sideways trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 133.50. The upside rally could be testing all the way through 135-136 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. Key support holds at 131.

Technical Chart

To Read Complete Report & Disclaimer Click Here

NATURAL GAS

Technical outlook

Natural gas daily chart has formed “Right angled Ascending broadening wedge” pattern. The last few sessions ended up in sideways trend inside the channel. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 137. The upside rally could be testing all the way through 142 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 129 levels. Key support holds at 129.

Technical Chart

To Read Complete Report & Disclaimer Click Here

NICKEL

Technical outlook

Nickel June daily Chart has formed "Descending broadening wedge" pattern. The last few sessions been in sideways trend along with some corrections inside the channel. The market is expected to continue on the bullish term based on the current price action, once the same breaks above a key resistance holding at 940. The upside rally could be testing all the way up to 960 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 910 level. Key support holds at 910.

Technical Chart

To Read Complete Report & Disclaimer Click Here

SILVER

Technical outlook

MCX Silver July futures technical chart has taken the formation of "Megaphone chart" pattern in weekly time frame. Last few sessions ended up in bullish in trend along with some corrections inside the channel, where the market is expected to continue on the bearish trend. The continuation of the trend will be confirmed once the prices breaks below a key support holding at 47650. The negative rally could be extending all the way up to 47250-46900 levels in the upcoming sessions. An alternative scenario indicates that if the key support holds strong then the market might retest the same and revise the trend to bullish once again. The upside rally could test up to 48600 level. Key resistance holds at 48600.

Technical Chart

To Read Complete Report & Disclaimer Click Here

ZINC

Technical outlook

Zinc May daily Chart has formed "Symmetrical triangle" pattern. The last few sessions been in sideways trend along with some corrections inside the channel. The market is expected to continue on the bearish term based on the current price action, once the same breaks below a key support holding at 154. The downside rally could be testing all the way up to 151 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could be testing up to 158.50 level. Key resistance holds at 158.50.

Technical Chart​​​​​​​

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://enrichbroking.in/disclaimer
SEBI Registration number is INZ000078632

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