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Published on 27/03/2020 5:20:32 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Copper, Nickel, Zinc Commodity Report of 27 March 2020 By Geojit Financial

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Gold

Technical Commentary

If prices remain below the upside hindrance of 43900 region could expect further weakness towards the downside objective of 43300 followed by bollinger middle band level of 42930.

 

Silver

Technical Commentary

Sustainable trades above the bollinger middle band level of 41770 could cajole next stage of buying sentiments. Botched attempt to mark trades above the same may trigger bearish bets for today’s session.

 

Crude Oil

Technical Commentary

Broad weakness may possibly to persist towards the downside objective of 1735 then to 1660. Even though sustainable trades above 1880 could bid a short covering move.

 

Natural Gas

Technical Commentary

Present recovery move may persist towards the upside objective of 135.60 then to 138.80. However, surprise move below 127 may dent our buying expectation.

 

Copper

Technical Commentary

Price recovery still intact, but need to crack above the hindrance of 379 to live up such move. Else hold the same for a corrective move towards the downside objective of 372 region.

 

Nickel

Technical Commentary

Tangible trades above the moving average level of 880 could lift prices higher to 896 firstly then to 907. But there is equal chance of a corrective downside fall if prices failed to sustain above 880.

 

Zinc

Technical Commentary

Present buying sentiments possibly to stretch higher in the coming session towards the SMA objective of 147.60 then to 151. In this positive note, slip below 143.50 may squeeze down prices lower.

 

Lead

Technical Commentary

Ensuing recovery move may persist towards the upside objective of 134.50 then to SMA level of 136 region. But fall past below 132.10 may grab prices lower.

 

Aluminium

Technical Commentary

Decisive trades above in the internal trend line resistance of 135.20 could bid fresh buying towards 135.90 then to EMA Level of 137 region. Inability to win above 135.20 may squeeze down prices lower.

 

 

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