EMA level of 49800 need to be challenged for a major buying move - Geojit Financial
BULLION
GOLD M
Technical Commentary
EMA level of 49800 need to be challenged for a major buying move. Else, expect prices to trade lower in the coming session.
SILVER M
Technical Commentary
Intraday buying may be witnessed only above 67100 region. Failed attempt to achieve such trades may squeeze down prices lower.
ENERGY
CRUDEOIL
Technical Commentary
Prices look overbought and present technical formation suggest for a long liquidation move towards lower. On the flipside, swing above 3860 would be an early sign of prices recovery.
NATURAL GAS
Technical Commentary
Witnessing weakness may strengthen during the session ahead. But recouping trades above 181 would set off a fresh recovery move for today.
BASE METALS
Copper
Technical Commentary
Ensuing selling sentiments may stretch lower in the session ahead. In this intraday bearish sentiments, reclaiming trades above 609 may push prices higher.
NICKEL
Technical Commentary
Present long liquidation move possibly to extend as long as prices stayed below 1330 region. However, a vertical rise which sustain above 1330 would lift prices higher.
BASE METALS
Zinc
Technical Commentary
Weakness likely to persist in the coming session as well. Even in this bearish note, decisive trades above 213.70 may lift prices higher.
Lead
Technical Commentary
By breaking the downside obstacle of 160 may bid fresh selling for today. Inability to mark trades below the same may cajole a price recovery move.
BASE METALS
Aluminium
Technical Commentary
If prices remain below the Bollinger middle band level of 163, anticipate further corrective move for today. But, retreating trades above the same may bid fresh selling for today.
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