MENU

Published on 10/12/2019 10:23:15 AM | Source: Choice Broking Pvt Ltd

The price has been trading below the median line of the Bollinger Band - Choice Broking

Posted in Commodities Reports| #Commodity Tips #Choice Broking

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

* On the daily chart, the price has been trading below the falling trend line and drifted 0.30% during the last session.

* Moreover, the price has been trading below the median line of the Bollinger Band, which adds bearish strength in the counter.

* Furthermore, the price has shifted below the 21*50 days SMA’s and Parabolic Sar, which signify negative sentiments for the counter.

* Additionally, RSI(14) has sustained below the 50 level, which suggests falling prices in the near term.

* As per the above technical structure; we expect a bearish move in the counter.

 

Silver

* On the daily chart, the price has closed with positive note during the last session.

* Moreover, the price has been trading below the median line of the Bollinger Band, which adds bearish strength in the counter.

* Furthermore, the price has shifted below the 21*50 days SMA’s, which signify bearish sentiments for the counter.

* Additionally, RSI(14) has sustained below the 50 level, which suggests falling prices in the near term.

* As per the above technical structure; we expect a bearish move in the counter.

 

Copper

* On the daily chart, the price has gained 0.03% during the last session.

* Moreover, the price has shifted above the horizontal trend line, which confirms bullish strength in the counter.

* Furthermore, the price has shifted above the 50*20 day's SMA, which indicates control in the hands of the bulls.

* On the other hand, momentum indicator RSI(14) has been moving above the level 50, which may indicate bullish indication.

* As per the above technical structure; we expect bullish move in the counter.

 

Nickel

* On the daily chart, the price slipped 1.64% during the last session.

* However, the price has taken the support of the rising trend line and horizontal trend line, which signifies bullish sentiments in the counter.

* Additionally, the pair has been taking the support of the lower Bollinger Band.

* Similarly, a momentum indicator RSI(14) has shown positive crossover, which is a positive sentiment for the near term.

* As per the above technical structure; we expect bullish move in the counter.

 

Crude Oil

* On the daily chart, the price slipped 0.64% in the last session.

* However, the price has pulled back from the lower Bollinger Band, which indicates bullish trend may remain continue.

* Furthermore, the price has also shifted above the 200 SMA which suggest rising prices.

* In addition, momentum indicator RSI (14) has sustained above it’s 50 level which is positive for Crude Oil.

* As per the above technical structure; we expect bullish move in the counter.

 

Natural Gas

* Natural Gas price slipped 5.89% in the previoussession.

* Moreover, the price has shifted below 78.60% Retracement level, which indicates that bearish trend may remain continue.

* Furthermore, the price has shown a breakdown from the rising trend line, which adds negative strength in the counter.

* Additionally, the price has been trading below the 50*200 days SMA’s, which signifies bearish strength in the counter.

* As per the above technical structure; we expect bearish move in the counter.

 

RM Seed

* On the daily chart, the price closed with negative note in the last session.

* However, the price has been taking the support of the Bollinger Band median line, which signals bullish power in the counter for the near term.

* It has also sustained below 21*50 days SMA’s, which suggests rising prices.

* Momentum indicator RSI (14) has decisively sustained above the 50 level upward, which indicates control in the hands of the bulls.

* As per the above technical structure; we expect positive move in the counter.

 

Soybean

* On the daily chart, the price closed with positive note in the last session.

* Moreover, the price has been trading above the Bollinger Band median line, which signifies bullish sentiments for the counter.

* Moreover, the price has sustained above the 21*50 days SMA’s, which indicates bullish strength in the counter.

* Momentum indicators RSI (14) has been moving with positive crossover, which indicates control with the bulls.

* As per the above technical structure; we expect bullish move in the counter.

 

Rubber

* On the daily chart, the price closed with positive note during the previous session.

* Moreover, the price is trading above the median of the Bollinger Band.

* Moreover, It has also sustained above the 21*50 days SMA’s and Parabolic Sar, which provides the counter with support.

* Momentum indicators RSI(14) has sustained above the 50 level, which could provide strength in the near term.

 * As per the above technical structure; we expect bullish move in the counter.

 

Diamond

* On an hourly chart, the price closed with negative note during the last session.

* Moreover, It has sustained below the 21*50 days SMA’s and Parabolic Sar, which signifies power to the bears.

* Furthermore, the price has sustained below the Falling Trendline, which adds pressure in the counter.

* Momentum indicators RSI has crossed below 50 level, which indicates bearishness.

* As per the above technical structure; we expect bearish move in the counter.

 

To Read Complete Report & Disclaimer Click Here

 

For More choiceindia Disclaimer http://www.choiceindia.com/disclaimer.aspx

 

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