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Published on 28/04/2020 4:56:39 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 28 April 2020 By Geojit Financial

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Gold

Technical Commentary

Current weakness may strengthen in the coming session towards the downside objective of 45630 then to 45400. Although intraday price recovery could see only above EMA Level of 46260 region.

 

Silver

Technical Commentary

Intraday move largely to south bound with an immediate objective of 40700 then to 40320. On the other hand, rise above Bollinger middle band level of 42100 could lift prices higher

 

Crude Oil

Technical Commentary

Established weakness may extend in the coming session towards the downside objective of 860 then to 780.But rise above 1100 could boost prices higher.

 

Natural Gas

Technical Commentary

Prices possibly to float higher in the coming session towards the upside objective of 149.30 then to 151.40 region. Intraday weakness could see only below 144 region.

 

Copper

Technical Commentary

As long as prices hold the hourly EMA level of 403.70 could lift prices higher to internal trend line level of 411.30 region followed by 415. Intraday weakness could see only below 403.70 region.

 

Nickel

Technical Commentary

As long as prices above the hourly EMA level of 935 region could expect further buying to 952 followed by 960. But fall below 935 may squeeze down prices lower.

 

Zinc

Technical Commentary

Major weakness could see only below the Bollinger middle band level of 148.90 region. Which if remain untouched could expect price recovery to 152.70 then to 154.20 region.

 

Lead

Technical Commentary

If prices stay below the Bollinger middle band level of 134 region could squeeze down prices lower to 131.40 then to Bollinger lower band level of 130.90 region. But a vertical rise above 134 may lift prices higher.

 

Aluminium

Technical Commentary

Fall below 132 region could extend weakness. Else hold the same for an intraday price recovery to SMA level of 133.90 or even more.

 

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