સોનામાં સપોર્ટ 59980-59790, રેઝિસ્ટન્સ 60340
અમદાવાદ, 1 જૂનઃ કોમોડિટી અને બુલિયન માર્કેટમાં છેલ્લાં કેટલાંક દિવસોથી વોલેટિલિટી અને વોલ્યૂમ્સ ઘટી રહ્યા છે. તેને ધ્યાનમાં રાખીએ તો કિંમતી ધાતુઓમાં નેગેટિવ ટ્રેન્ડ જોવા મળી શકે છે. ચીન, ભારત યુએસના ઇકોનોમિક ડેટા પોઝિટિવ રહ્યા છે જે ઇક્વિટી માટે પણ પોઝિટિવ પરંતુ બુલિયન માટે નેગેટિવ ગણાવાય છે. ક્રૂડની ઇન્ટરનેશનલ કિંમતમાં પણ સતત ત્રીજા દિવસે ઘટાડાની ચાલ રહી હતી. જ્યારે કરન્સી માર્કેટમાં ડોલર સામે રૂપિયો ટ્રેન્ડલાઇન નીચે સપોર્ટ લેવલ 82.85 જણાય છે.
BULLION: Silver has support Rs71,580-71,220, resistance is Rs72,640–73,120
Gold and silver prices traded higher on Wednesday, boosted by some safe-haven buying and decline in the U.S. 10-year bond yields. The Chinese manufacturing PMI unexpectedly fell to its lowest at 48.8, while the dollar index reacted negatively after strong job openings data, which supported buying in precious metals. We expect gold and silver to remain volatile in today’s session. Gold has support at $1948-1936 while resistance is at $1972-1985. Silver has support at $23.42-23.27, while resistance is at $23.71-23.85. In INR terms gold has support at Rs 59,980-59,790, while resistance is at Rs60,340, 60,550. Silver has support at Rs71,580-71,220, while resistance is at Rs72,640–73,120.
CRUDEOIL: support at $68.80–68.00 and resistance at $70.30–71
Oil prices dipped in early trade on Thursday for the third straight session after data showed an unexpected large build up in U.S. crude stocks last week, triggering fears of an oversupply amid signs of weaker Chinese demand. As per the U.S. API report released on Wednesday, crude oil inventories in the U.S. increased by 5.2 million barrels for the week ended on May 26 against an expected increase of 1.4 million barrels. Investors are also watching the upcoming June 4 meeting of OPEC+, the Organization of the Petroleum Exporting Countries and allies including Russia, after mixed signals so far on whether further cuts are likely. We expect crude oil prices to remain volatile ahead of the OPEC+ meet. Crude oil has support at $68.80–68.00 and resistance at $70.30–71.10 in today’s session. In INR Crude oil has support at Rs 5,610-5,540, while resistance is at Rs5,750–5,830.
USD-INR: support at 82.55-82.22 while resistance is placed at 82.92- 83.10
The USDINR 27 June futures contract traded steady and sustained above 82.55 levels. As per the daily technical chart, we observed that the pair is trading below its trend-line support level of 82.8500 but RSI is fetching above 60 levels. Looking at the technical set-up, MACD is showing negative divergence but the pair is sustaining above 82.55 levels. The pair is having support at 82.55-82.22 while resistance is placed at 82.92- 83.10. If the pair only slips below 82.50, it could extend its losses or it may test its resistance levels again.
(comment on bullion, crude oil and currency by Rahul Kalantri, VP Commodities, Mehta Equities Ltd)
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)
(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ, ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)
