MENU

Published on 27/04/2020 5:13:53 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 27 April 2020 By Geojit Financial

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Gold

Technical Commentary

As long as prices hold the downside support of 46150 could expect further buying towards the upside objective of 46600 then to 46890. But slippage below 46150 could bid a major downside corrective move.

 

Silver

Technical Commentary

Prices yet to make tangible trades either side of the trading range of 42600- 41500, to initiate a fresh directional move for today’s session.

 

Crude Oil

Technical Commentary

Broad selling still intact and prices possibly to trade lower with a prices objective of 1055 then to 920. But emerging trades above 1210 could boost prices higher.

 

Natural Gas

Technical Commentary

Current feebleness of prices may persist towards the downside objective of 137.80 then to 135. But decisive trades above 144 may boost prices higher.

 

Copper

Technical Commentary

As long as prices hold the EMA level of 403.80 could lift prices higher to internal trend line level of 410 region followed by 413.80. But fall past below 403.80 may grab prices lower.

 

Nickel

Technical Commentary

Intraday recovery may establish only by promising trades above 960.Else hold the hurdle for weakness towards the downside objective of 941 then to 930.

 

Zinc

Technical Commentary

As long as prices remain above the SMA level of 150.70 may lift prices higher to 152.50 then to 154. Fall past below 150.70 may dent our buying expectation.

 

Lead

Technical Commentary

As long as prices hold the moving average hindrance of 134.50 could squeeze down prices lower to 131.60 then to Bollinger lower band level of 130.80 region. Intraday price recovery may be seen only above 134.50.

 

Aluminium

Technical Commentary

Weakness could extend lower towards the downside objective of 132 then to candle support of 131.20. A major prices recovery could see only above the SMA level of 134.

 


To Read Complete Report & Disclaimer Click Here

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 
SEBI Registration Number: INH200000345

 

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