Gold Quaint analysis: 08/Feb/19

Gold Quaint analysis: 08/Feb/19

Mcx gold April futures technical has taken the formation of ”Ascending broadening wedge” pattern in dally time frame. Last few sessions ended up bearish in trend along with some corrections inside the channel, where the market is expected to continue on bearish momentum. The continuation of the trend will be confirmed once the price breaks below a key support holding at 33100. The negative rally could be extending all the way up to 33000-32900 level in the key upcoming sessions. An alternative scenario indicates that if the key support holds strong then the market might have a chance to retest the some and revise the trend to bullish ones again. The upside rally could test up to 33350-33500 levels. Key resistance holds at 33500.

Silver Quant Analysis: 8/Feb/19

Silver Quant Analysis: 8/Feb/19

Mcx Silver March futures technical chart has taken the formation of “megaphone chart” pattern in a daily time frame. Last few sessions ended up bearish in trend along with some corrections inside the channel, where the market is expected to continue on the bearish trend. The continuation of the trend will be confirmed once the prices break below a key support holding at 39800. The negative relly could be extending all the way to 39650-39500 levels in the upcoming sessions. An alternative scenario indicates that if the key support holds strong then the market might retest the same and revise the trend to bullish once again. The upside rally could test up to 40,000-40300 levels. key resisnce honds at 40300.

CrudeOil Quant Analysis: 8/Feb/19

CrudeOil Quant Analysis: 8/Feb/19

Mcx crude Oil futures technical chart has taken the formation of “Right-angled Ascending wedge” pattern in dally tame frame. Previously few sessions ended up in a bearish trend along with some corrections inside the channel. As per the technical aspects based on the current price action, the market is expected to continue on a bearish trend. The continuation of the trend will be confirmed ones the price breaks below a key support holding at 3660. The negative rally could be testing all the way up to 3600-3500 level in the upcoming sessions. An alternative scenario indicates that if a key support holds strong then the market might retest the same and revise the trade to bullish ones again. such reversal could possibly test up to 3850-3950 levels. Key resistance holds at 3950.

Gold Quant Analysis: 6/Feb/19

Gold Quant Analysis: 6/Feb/19

MCX Gold April futures technical chat has taken the formation of
The continuation of the trend will be confirmed once the prices break below a key support zone holding at 33100. The negative relly could be extending all the way up to 33000-32950 levels in the upcoming sessions. The continuation of the trend will be confirmed once the prices break below a key support zone holding at 33100. The negative relly could be extending all the way up to 33000-32950 levels in the upcoming sessions. alternative scenario indicates that if the key support holds strong then the market might have a chance to retest the same and revise the trend to bullish once again. The upside rally could test up to 33300-33450 levels. Key resistance holds at 33450.