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Published on 10/07/2020 4:57:27 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 10 July 2020 By Geojit Financial

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

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Gold

Technical Commentary

Broad buying momentum likely to continue in the coming session towards the upside objective of 49360 then to 49500. In the positive note, surprise fall below the hourly EMA level of 48870 may grab prices lower.

 

Silver

Technical Commentary

Ensuing buying sentiments likely to uphold in the coming session point towards the upside objective of 51900 then to 52250. But slippage below 50850 may squeeze down prices lower.

 

Crude Oil

Technical Commentary

Prices possibly to trade lower in the coming session towards the downside objective of 2845 then to 2790 region. But direct rise above 2970 may lift prices higher.

 

Natural Gas

Technical Commentary

Current weakness may continue in the coming session towards the downside objective of 128.30 then to 125.60 region. But rise above 135.40 could lift prices higher.

 

Copper

Technical Commentary

Broad buying likely to continue in the coming session towards the upside objective of 487.80 then to major hurdle of 493.50 region. But fall below 481 may squeeze down prices lower.

 

Nickel

Technical Commentary

Current weakness may continue in the coming session towards the downside objective of 985 then to 979. But rise above the hourly candle high of 1002 may push prices higher.

 

Zinc

Technical Commentary

Prices still hesitate to mark trades above the hindrance of 170 region. Which if remain untouched could push prices lower 166.80 then to 165.30 region. But rise above 170 could lift prices higher.

 

Lead

Technical Commentary

As long as prices hold the above the Bollinger middle band level of 144.50 could expect prices to trade higher. But break below 144.50 may push prices lower 143.30 followed by 142.

 

Aluminium

Technical Commentary

Inability to claim above the Bollinger upper band level of 140 region could bid prices lower to 137.70 then to 136.45. But rise above 140 could lift prices higher.

 

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