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Published on 25/02/2020 5:15:37 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Copper, Nickel, Zinc Commodity Report of 25 February 2020 By Geojit Financial

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

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Gold

Technical Commentary

Rise above the hurdle of 43100 could trigger fresh buying for today’s session. If not, could expect a long liquidation move towards 42500/42240.

 

Silver

Technical Commentary

Present long liquidation move may strengthen in the coming session towards 47600 then to 47050. But determined move above the hourly SMA level of 48520 could lift prices higher.

 

Crude Oil

Technical Commentary

Intraday price recovery on card and possibly to test the upside region of 3760 followed by 3835. But a vertical fall below 3635 with large market participation may push prices lower.

 

Natural Gas

Technical Commentary

Witnessing weakness could continue towards 128.50 firstly then to Bollinger lower band level of 125.70. On the other hand intraday price recovery could see only above the moving average level of 134.45.

 

Copper

Technical Commentary

Reclaiming trades below the Bollinger lower band level of 424 may squeeze down prices lower. Botched attempt to do so would be an early sign for further price recovery for today’s session towards 433.

 

Nickel

Technical Commentary

As long as prices hold the Bollinger lower band level of 921 region could anticipate price recovery towards the SMA level of 944 region. Intraday weakness may be seen only below 921.

 

Zinc

Technical Commentary

Broad selling may continue towards the downside objective of 153.60 then to 152. In this weak bias, decisive trades above the candle high of 156.80 could lift prices higher.

 

Lead

Technical Commentary

Inability to crack above the 144 may grab prices lower 142.20 then to 141.40 region. But direct rise above 144 could call intraday price recovery.

 

Aluminium

Technical Commentary

Prices clearly held the trend line support region of 135 region. Which if remain undisturbed could expect price recovery for today’s session.

 

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