Commodity Report

Zinc 6/22/2018 10:06:00 AM

Technical outlook

Zinc daily chart has formed “Broadening bottom” pattern. The last session ended up strongly bearish in trend inside the channel. The market is expected to continue on the bearish momentum, testing all the way through 198-195 levels and furthermore in the upcoming sessions. Alternatively, if the market breaks above a previous support which has now become a resistance at 205, then it might turn bullish once again. Key support holds at 195.


Research Report call:

To View subscribe OR become a registered client
Technical Chart:
Silver 6/22/2018 10:03:00 AM

Technical outlook

Silver daily chart has formed “Rising channel” pattern. The last few sessions ended up consolidated near an interim support trend line inside the channel. As per the technical aspects of the pattern the market is expected to continue on the bearish momentum, once the same breaks below a key support holding at 39450. The downside rally could test all the way through 39250-39000 levels and furthermore in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. Key resistance holds at 40000 and support at 39000.


Research Report call:

To View subscribe OR become a registered client
Technical Chart:
Nickel 6/22/2018 10:01:00 AM

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend retesting near the previous support slope line of the channel which has been already broken out. The market is expected to continue on the bearish trend, testing all the way through 1000-990 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 1025 then it might turn to overall bullish once again. The upside rally could test 1040-1060 levels. Key resistance holds at 1060.


Research Report call:

To View subscribe OR become a registered client
Technical Chart:
Natural Gas 6/22/2018 9:58:00 AM

Technical outlook

Natural gas daily chart has formed “Rising wedge” pattern. The last session ended up consolidated but bearish in trend after retesting near the channel’s support slope line. The market is expected to continue on the bullish term, once the same breaks above a key resistance holding at 203. The upside rally could test all the way through 205-207 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 200-197 levels. Key support holds at 197.


Research Report call:

To View subscribe OR become a registered client
Technical Chart:
Lead 6/22/2018 9:55:00 AM

Technical outlook

Lead daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bearish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 161. The downside rally could test all the way through 159-157 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 163-165 levels. Key resistance holds at 165.


Research Report call:

To View subscribe OR become a registered client
Technical Chart:
Copper 6/22/2018 9:52:00 AM

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue on the bearish term, testing all the way through 452-450 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 460 then it might turn to overall bullish once again. Key support holds at 450.


Research Report call:

To View subscribe OR become a registered client
Technical Chart:
Aluminium 6/22/2018 9:49:00 AM

Technical outlook

Aluminium hourly chart has formed “Falling wedge” pattern. The last session ended up bullish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue on the bullish term, once the same breaks above a key resistance holding at 150. The upside rally could test all the way through 152-154 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 148-145 levels. Key support holds at 145.


Research Report call:

To View subscribe OR become a registered client
Technical Chart:
Crude Oil 6/22/2018 9:28:00 AM

Technical outlook

MCX Crude Oil futures technical chart has taken the formation of “Falling channel” pattern along with a long-term “Ascending broadening wedge” in daily time frame. Last session formed a “Hammer” candlestick pattern near a junction point where both channel meets. As per the technical aspects of the broadening wedge, the market is expected to continue on bullish momentum. The positive rally could be testing all the way through 4550-4600 levels and furthermore in the upcoming sessions.

 


 U.S. Baker hughes Oil rig count

Time

Actual 

Forecast

Previous

Crude oil - U.S. Baker hughes Oil rig count

10.30 PM

-----

-----

863

 

An alternative scenario indicates that if the market been able to breaks below a key support zone holding near 4380, then it might turn to overall bearish. The downside rally could test 4350-4300 levels. Key resistance holds at 4600.


Research Report call:

To View subscribe OR become a registered client
Technical Chart:
Gold 6/22/2018 9:21:00 AM

Technical outlook

MCX Gold futures technical chart has taken the formation of “Bearish megaphone” pattern in daily time frame. Last few sessions ended up bearish in trend after a few consolidations inside the channel, where the market is expected to continue to rally on the same momentum. The negative rally could be testing all the way through 30500-30300 levels and furthermore in the upcoming sessions. An alternative scenario indicates that if the market’s able to break above a key resistance zone near 30800, then the trend might revise again to bullish. Key support holds at 30300.


Research Report call:

To View subscribe OR become a registered client
Technical Chart:
Zinc 6/21/2018 9:58:00 AM

Technical outlook

Zinc daily chart has formed “Broadening bottom” pattern. The last session ended up consolidated near a key support zone near 205 inside the channel. The market is expected to continue on the bearish momentum, once the same breaks below the key support. The downside rally could test all the way through 203-200 levels and furthermore in the upcoming sessions. Alternatively, if the key support holds strong then the market might have a chance to retest the same and turn bullish. Key resistance holds at 210.


Research Report call:

Technical Chart:
Silver 6/21/2018 9:56:00 AM

Technical outlook

Silver daily chart has formed “Rising channel” pattern. The last session ended up consolidated near an interim support trend line inside the channel. As per the technical aspects of the pattern the market is expected to continue on the bearish momentum, once the same breaks below a key support holding at 39500. The downside rally could test all the way through 39250-39000 levels and furthermore in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. Key resistance holds at 40000 and support at 39000.


Research Report call:

Technical Chart:
Nickel 6/21/2018 9:51:00 AM

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue on the bullish trend, testing all the way through 1030-1040-1060 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 990 then it might turn to overall bearish. The downside rally could test 970-950 levels. Key resistance holds at 1060.


Research Report call:

Technical Chart:
Natural Gas 6/21/2018 9:48:00 AM

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend retesting near the channel’s support slope line. The market is expected to continue on the bullish term, testing all the way through 204-206 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 198 then it might turn bearish once again. The downside rally could test 195-193 levels. Key resistance holds at 206.


Research Report call:

Technical Chart:
Lead 6/21/2018 9:44:00 AM

Technical outlook

Lead daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bearish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 162.50. The downside rally could test all the way through 160-157 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 165-168 levels. Key resistance holds at 168.


Research Report call:

Technical Chart:
Copper 6/21/2018 9:42:00 AM

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern. The last session ended up as “Bullish reversal spinning top” near the channel’s support slope line. The market is expected to continue on the bullish trend, testing all the way through 460-464-468 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 455 then it might turn to overall bearish. Key resistance holds at 468.


Research Report call:

Technical Chart:
Aluminium 6/21/2018 9:39:00 AM

Technical outlook

Aluminium 4hr chart has formed “Falling wedge” pattern. The last few sessions ended up bearish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue on the same trend, testing all the way through 147-145 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance zone holding near 152 then it might have a chance to turn bullish once again. Key support holds at 145.


Research Report call:

Technical Chart:
Crude Oil 6/21/2018 9:24:00 AM

Technical outlook

MCX Crude Oil futures technical chart has taken the formation of “Falling channel” pattern along with a long-term “Ascending broadening wedge” in daily time frame. Last session ended up bullish in trend near a junction point where both pattern meets. As per the technical aspects of the Falling channel, the market is expected to retest and turn bearish. The negative rally could be testing all the way through 4440-4380 levels and furthermore in the upcoming sessions. An alternative scenario indicates that if the market been able to breaks above a key resistance zone holding near 4550, then it might continue in bullish momentum. The upside rally could test 4600-4650 levels. Key support holds at 4380.


Research Report call:

Technical Chart:
Gold 6/21/2018 9:19:00 AM

Technical outlook

MCX Gold futures technical chart has taken the formation of “Bearish megaphone” pattern in daily time frame. Last few sessions ended up bearish in trend after a consolidation inside the channel, where the market is expected to continue to rally on the same momentum. The negative rally could be testing all the way through 30700-30500 levels and furthermore in the upcoming sessions. An alternative scenario indicates that if the market’s able to break above a key resistance zone near 31100, then the trend might revise again to bullish. Key support holds at 30500.


Research Report call:

Technical Chart:
Zinc 6/20/2018 10:15:00 AM

Technical outlook

Zinc daily chart has formed “Broadening bottom” pattern. The last session ended up strongly bearish in trend inside the channel. The market is expected to continue on the bearish momentum, once the same breaks below a key support holding at 205. The downside rally could test all the way through 203-200 levels and furthermore in the upcoming sessions. Alternatively, if the key support holds strong then the market might have a chance to retest the same and turn bullish. Key resistance holds at 210.


Research Report call:

Technical Chart:
Silver 6/20/2018 10:12:00 AM

Technical outlook

Silver daily chart has formed “Rising wedge” pattern. The last session ended up strongly bearish in trend breaking out the channel’s support slope line. As per the technical aspects of the pattern the market is expected to continue on the bearish momentum, testing all the way through 39550-39400 levels in the upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum. Key resistance holds at 40000 and support at 39400.


Research Report call:

Technical Chart:
Nickel 6/20/2018 10:09:00 AM

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 990. The downside rally could test all the way through 980-970 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 1015-1030 levels. Key resistance holds at 1030.


Research Report call:

Technical Chart:
Natural Gas 6/20/2018 10:07:00 AM

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend near the channel’s support slope line. The market is expected to continue on the bearish term, once the same breaks below a key support holding at 196. The downside rally could test all the way through 194-192 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 198-202 levels. Key resistance holds at 202.


Research Report call:

Technical Chart:
Lead 6/20/2018 10:01:00 AM

Technical outlook

Lead daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 163. The downside rally could test all the way through 160-157 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 165-168 levels. Key resistance holds at 168.


Research Report call:

Technical Chart:
Copper 6/20/2018 9:59:00 AM

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up strongly bearish in trend near the channel’s support slope line. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 456. The downside rally could test all the way through 453-450 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 458-462 levels. Key resistance holds at 462.


Research Report call:

Technical Chart:
Aluminium 6/20/2018 9:55:00 AM

Technical outlook

Aluminium daily chart has formed “Falling wedge” pattern. The last session ended up bearish in trend breaking out the channel’s support slope line. The market is expected to continue on the same trend, testing all the way through 147.50-146 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance zone holding near 152 then it might have a chance to turn bullish once again. Key support holds at 146.


Research Report call:

Technical Chart:
Crude Oil 6/20/2018 9:40:00 AM

Technical outlook

MCX Crude Oil futures technical chart has taken the formation of “Ascending broadening wedge” pattern in daily time frame. The last session ended up bearish in trend retesting near the channel’s support slope line. As per the technical aspects of the pattern, the retest is expected to revise the trend to bullish. The positive rally could be testing all the way through 4500-4550 levels and furthermore in the upcoming sessions.

 

Crude oil Inventory forecast:

Time

Actual 

Forecast

Previous

API Weekly Crude Oil Stock    

2:00 AM

-3.016M

-----

0.833M

Tonight

 

 

 

 

Crude Oil Inventories

8:00 PM

-----

-1.898M

-4.143M

EIA Weekly Distillates Stocks 8Pm

8:00 PM

-----

-0.164M

-2.101M

Gasoline Inventories

8:00 PM

-----

0.188M

-2.271M

 

An alternative scenario indicates that if the market been able to breaks below a key support zone holding near 4380, then it might continue in bearish momentum. The downside rally could test 4300-4250 levels. Key resistance holds at 4550.


Research Report call:

Technical Chart:
Gold 6/20/2018 9:32:00 AM

Technical outlook

MCX Gold futures technical chart has taken the formation of “Bearish megaphone” pattern in daily time frame. Last session ended up bearish in trend after a consolidation inside the channel, where the market is expected to continue to rally on the same momentum. The negative rally could be testing all the way through 30800-30700 levels and furthermore in the upcoming sessions. An alternative scenario indicates that if the market’s able to break above a key resistance zone near 31100, then the trend might revise again to bullish. Key support holds at 30700.


Research Report call:

Technical Chart:
zinc 6/19/2018 9:21:00 AM

 

Technical outlook

Zinc daily chart has formed “Rising wedge” pattern. The last session ended up strongly bearish candle but prices hold on support line at 208, if break below support line then technical aspects of the pattern the market is expected to continue on the bearish momentum, testing all the way through 206-205 levels in the upcoming sessions. Alternatively, the market doesn’t break below then turn small correction over positive momentum. The upside rally could test 211-213 levels. Key resistance holds at 213 and support at 208.


Research Report call:

Technical Chart:
Silver 6/19/2018 9:17:00 AM

 

Technical outlook

Silver daily chart has formed “Rising wedge” pattern. The last session ended up strongly bearish candle but prices hold on support line at 39950, if break below support line then technical aspects of the pattern the market is expected to continue on the bearish momentum, testing all the way through 39850-39500 levels in the upcoming sessions. Alternatively, the market doesn’t break below then turn small correction over positive momentum. The upside rally could test 40200-40500 levels. Key resistance holds at 40500 and support at 39500.


Research Report call:

Technical Chart:
Natural Gas 6/19/2018 9:12:00 AM

 

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish candle in trend long after retesting near the channel’s support slope line 197. The market is expected to continue on the bullish trend, testing all the way through 208-210 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 197 then it might turn bearish once again. The downside rally could test 195-192 levels. Key support holds at 197.


Research Report call:

Technical Chart:
Nickel 6/19/2018 9:09:00 AM

 

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish candle and closed on channel’s support slope line 1016. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 1016. The downside rally could test all the way through 1000-985 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 1040-1060 levels. Key resistance holds at 1060.


Research Report call:

Technical Chart:
Lead 6/19/2018 9:05:00 AM

 

Technical outlook

Lead daily chart has formed “Ascending broadening wedge” in this pattern, prices pullback to close above support line 164.50. The last session ended up strongly bullish candle but yesterday prices have broken out the channel’s support slope line. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 163. The downside rally could test all the way through 160-157 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 165-168 levels. Key resistance holds at 168.


Research Report call:

Technical Chart:
Gold 6/19/2018 9:01:00 AM

 Technical outlook

MCX Gold daily technical chart has taken the formation of “Bearish megaphone” chart pattern, Last session ended up neutral doji candle which is indicating  retesting the channel’s resistance slope line 31000, where the market is expected to continue to rally on the bearish momentum. The negative rally could be testing all the way through 30900-30800 levels and furthermore in the upcoming sessions. An alternative scenario indicates that if the market’s able to break above a key resistance zone near 31200, then the trend might revise again to bullish. Key support holds at 30800.


Research Report call:

Technical Chart:
Crude oil 6/19/2018 8:55:00 AM

 Technical outlook

MCX Crude Oil prices has taken the formation of “Ascending broadening wedge” pattern in daily time frame. The last session ended up bullish candle  which is unable to close below the support line at 4350. The positive rally could be testing all the way through 4500-4600 levels and furthermore in the upcoming sessions. An alternative scenario indicates that if the market been able to breaks below a key support zone holding near 4350, then it might turn to overall bearish once again. Key support holds at 4200.


Research Report call:

Technical Chart:
Copper 6/19/2018 8:50:00 AM

Technical outlook

Copper daily chart has formed “Ascending broadening wedge pattern” The last session prices holding previous resistance become support at 465. The market is expected to continue on the bearish trend, once the same breaks below a previous resistance which has now become support at 465. The downside rally could test all the way through 463-459 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 470-476 levels. Key resistance holds at 476


Research Report call:

Technical Chart:
Aluminium 6/19/2018 8:43:00 AM

 Technical outlook

Aluminum daily chart has formed “Falling wedge pattern” in this pattern price met out support line at 150. If break below then expected to continue on the bearish downside rally could test all the way through 149-147 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 153-156 levels. Key resistance holds at 156.


Research Report call:

Technical Chart:
Zinc 6/18/2018 10:06:00 AM

Technical outlook

Zinc daily chart has formed “Broadening bottom” pattern. The last few sessions ended up bearish in trend after retesting near the channel’s resistance slope line. The market is expected to continue on the bearish momentum, testing all the way through 210-206 levels and furthermore if it breaks below the key support holding at 205 in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. Key resistance holds at 216.


Research Report call:

Technical Chart:
Silver 6/18/2018 10:02:00 AM

Technical outlook

Silver daily chart has formed “Rising wedge” pattern. The last session ended up strongly bearish in trend after retesting near the channel’s resistance slope line. As per the technical aspects of the pattern the market is expected to continue on the bearish momentum, testing all the way through 39900-39400 levels in the upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum. The upside rally could test 40500-40700 levels. Key resistance holds at 40700 and support at 39400.


Research Report call:

Technical Chart:
Nickel 6/18/2018 9:59:00 AM

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend retesting the channel’s support slope line. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 1025. The downside rally could test all the way through 1015-990 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 1040-1060 levels. Key resistance holds at 1060.


Research Report call:

Technical Chart:
Natural Gas 6/18/2018 9:37:00 AM

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend long after retesting near the channel’s support slope line. The market is expected to continue on the bullish trend, testing all the way through 208-210 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 203 then it might turn bearish once again. The downside rally could test 202-200 levels. Key support holds at 200.


Research Report call:

Technical Chart:
Lead 6/18/2018 9:35:00 AM

Technical outlook

Lead daily chart has formed “Ascending broadening wedge” pattern along with a long-term “Right angled descending broadening wedge”. The last session ended up strongly bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 163. The downside rally could test all the way through 160-157 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 165-168 levels. Key resistance holds at 168.


Research Report call:

Technical Chart:
Copper 6/18/2018 9:29:00 AM

Technical outlook

Copper daily chart has formed “Rising wedge” pattern. The last session ended up strongly bearish in trend inside the channel. The market is expected to continue on the bearish trend, once the same breaks below a previous resistance which has now become support at 472. The downside rally could test all the way through 470-465 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 475-482 levels. Key resistance holds at 482.


Research Report call:

Technical Chart:
Aluminium 6/18/2018 9:24:00 AM

Technical outlook

Aluminium daily chart has formed “Symmetrical triangle” pattern. The last few sessions ended up bearish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue on the bearish trend, once the same breaks below a key support holding near 151. The downside rally could test all the way through 149-147 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 153-155 levels. Key resistance holds at 155.


Research Report call:

Technical Chart:
Crude Oil 6/18/2018 9:15:00 AM

Technical outlook

MCX Crude Oil futures technical chart has taken the formation of “Ascending broadening wedge” pattern in daily time frame. The last session ended up bearish in trend retesting near the channel’s support slope line and is expected to continue on the same trend. The positive rally could be testing all the way through 4360-4300 levels and furthermore in the upcoming sessions. An alternative scenario indicates that if the market been able to breaks above a key resistance zone holding near 4600, then it might turn to overall bullish once again. Key support holds at 4300.


Research Report call:

Technical Chart:
Gold 6/18/2018 9:11:00 AM

Technical outlook

MCX Gold futures technical chart has taken the formation of “Bearish megaphone” pattern along with a long-term “Rising channel” in daily time frame. Last session ended up bearish in trend retesting the channel’s resistance slope line, where the market is expected to continue to rally on the same momentum. The negative rally could be testing all the way through 30900-30800 levels and furthermore in the upcoming sessions. An alternative scenario indicates that if the market’s able to break above a key resistance zone near 31200, then the trend might revise again to bullish. Key support holds at 30800.


Research Report call:

Technical Chart:
Zinc 6/15/2018 10:16:00 AM

Technical outlook

Zinc daily chart has formed “Broadening bottom” pattern. The last few sessions ended up retesting near the channel’s resistance slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 219. The upside rally could test all the way through 221-223 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 216-214 levels. Key support holds at 214.


Research Report call:

Technical Chart:
Silver 6/15/2018 10:08:00 AM

Technical outlook

Silver daily chart has formed “Rising channel” pattern. The last session ended up strongly bullish in trend inside the channel. As per the technical aspects of the pattern the market is expected to continue on a bullish momentum, testing all the way through 41800-42200 levels in the upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. Key resistance holds at 42200 and support at 41000.


Research Report call:

Technical Chart:
Nickel 6/15/2018 10:02:00 AM

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend retesting the channel’s support slope line. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 1025. The downside rally could test all the way through 1015-990 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 1040-1060 levels. Key resistance holds at 1060.


Research Report call:

Technical Chart:
Natural Gas 6/15/2018 9:56:00 AM

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend retesting near the channel’s support slope line. The market is expected to continue on the bullish trend, once the same breaks above a key resistance holding at 202. The upside rally could test all the way through 203-205 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 198-195 levels. Key support holds at 195.


Research Report call:

Technical Chart:
Lead 6/15/2018 9:53:00 AM

Technical outlook

Lead hourly chart has formed “Falling wedge” pattern. The last session ended up retesting near the channel’s support slope line. The market is expected to continue on a bullish momentum, testing all the way through 167.50-168.50 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 166 and give close on hourly basis then it might turn to bearish once again. The downside rally could test 165-163 levels. Key resistance holds at 168.50.


Research Report call:

Technical Chart:
Copper 6/15/2018 9:44:00 AM

Technical outlook

Copper 4hr chart has formed “Bullish pennant” pattern. The last session ended up retesting near the pennant’s support slope line. The market is expected to continue on a bullish momentum, testing all the way through 484-490 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 480 then it might turn to bearish once again. The downside rally could test 478-475 levels. Key resistance holds at 490.


Research Report call:

Technical Chart:
Aluminium 6/15/2018 9:37:00 AM

Technical outlook

Aluminium 4hr chart has formed “Falling channel” pattern. The last session ended up bearish in trend inside the channel. The market is expected to continue on the bearish trend for a while to retest the channel’s support slope line and turn bullish once again. The upside rally could test all the way through 154.50-156 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 153 then it might continue in bearish momentum. The downside rally could test 152-150 levels. Key resistance holds at 156.


Research Report call:

Technical Chart:
Crude oil 6/15/2018 9:00:00 AM

Technical outlook

MCX Crude Oil futures technical chart has taken the formation of “Rising wedge” pattern in hourly time frame. The last session ended up bullish in trend retesting near the channel’s support slope line and is expected to continue on the same trend. The positive rally could be testing all the way through 4550-4600 levels in the upcoming sessions.

 


 U.S. Baker hughes Oil rig count

Time

Actual 

Forecast

Previous

Crude oil - U.S. Baker hughes Oil rig count

10.30 PM

-----

-----

862

 

An alternative scenario indicates that if the market been able to breaks below the key support zone near 4480, then it might turn to overall bearish once again. The downside rally could test 4450-4400 levels. Key resistance holds at 4600.


Research Report call:

Technical Chart:
Gold 6/15/2018 8:53:00 AM

Technical outlook

MCX Gold futures technical chart has taken the formation of “Bearish megaphone” pattern in daily time frame. Last session ended up bullish in trend, where the market is expected to continue to rally on the same momentum. A break above the key resistance zone near 31450 will confirm the buy signal. The positive rally could be testing all the way through 31500-31600 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could be testing 31300-31200 levels. Key support holds at 31200.


Research Report call:

Technical Chart:
Zinc 6/14/2018 9:56:00 AM

Technical outlook

Zinc daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 219. The upside rally could test all the way through 221-223 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 216-214 levels. Key support holds at 214.


Research Report call:

Technical Chart:
Silver 6/14/2018 9:52:00 AM

Technical outlook

Silver 4hr chart has formed “Rectangle chart” pattern. The last session ended up retesting near the pattern’s horizontal resistance line. The market is expected to continue on a bullish momentum, once the same breaks above the strong resistance holding at 40850. The upside rally could test all the way through 41000-41200 levels in the upcoming sessions. Alternatively, if the resistance holds real strong then the market might retest the same once again and turn bearish. The downside rally could test 40650-40500 levels. Key support holds at 40500.


Research Report call:

Technical Chart:
Nickel 6/14/2018 9:48:00 AM

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend retesting the channel’s support slope line. The market is expected to continue on the bullish trend, once the same breaks above a key resistance holding at 1060. The upside rally could test all the way through 1070-1080 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 1045-1035 levels. Key support holds at 1035.


Research Report call:

Technical Chart:
Natural Gas 6/14/2018 9:44:00 AM

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend retesting near the channel’s support slope line. The market is expected to continue on the bullish trend, once the same breaks above a key resistance holding at 202. The upside rally could test all the way through 203-205 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 198-195 levels. Key support holds at 195.


Research Report call:

Technical Chart:
Lead 6/14/2018 9:42:00 AM

Technical outlook

Lead daily chart has formed “Ascending broadening wedge” pattern. The last session ended up retesting the channel’s support slope line. The market is expected to continue on the bullish trend, testing all the way through 169-171 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 166 then it might turn overall bearish once again. The downside rally could test 164-162 levels. Key resistance holds at 171.


Research Report call:

Technical Chart:
Copper 6/14/2018 9:36:00 AM

Technical outlook

Copper 4hr chart has formed “Bullish Flag chart” pattern. The last session ended up retesting near the flag’s support slope line. The market is expected to continue on a bullish momentum, testing all the way through 488-490 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 482 then it might turn to bearish once again. The downside rally could test 478-475 levels. Key resistance holds at 490.


Research Report call:

Technical Chart: