Pakistan Share Market Updates
Pakistan Share Market Updates
June 18, 2025 at 10:22 AM
*Daily Technical* *18 June 2025* *Gold Intraday: intraday support around 3391.00.* Pivot: 3391.00 Our preference: long positions above 3391.00 with targets at 3417.00 & 3427.00 in extension. Alternative scenario: below 3391.00 look for further downside with 3377.00 & 3362.00 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. *Silver Intraday: the bias remains bullish.* Pivot: 37.10 Our preference: Long positions above 37.10 with targets at 37.50 & 37.65 in extension. Alternative scenario: Below 37.10 look for further downside with 36.90 & 36.70 as targets. Comment: Technically the RSI is above its neutrality area at 50. *Crude Oil Intraday: intraday support around 73.70.* Pivot: 73.70 Our preference: long positions above 73.70 with targets at 75.70 & 77.20 in extension. Alternative scenario: below 73.70 look for further downside with 72.65 & 71.30 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. *Brent (OIL) Intraday: bullish bias above 74.80.* Pivot: 74.80 Our preference: long positions above 74.80 with targets at 77.30 & 78.50 in extension. Alternative scenario: below 74.80 look for further downside with 73.70 & 72.70 as targets. Comment: the next resistances are at 77.30 and then at 78.50. *EUR/USD Intraday: key resistance at 1.1530.* Pivot: 1.1530 Our preference: short positions below 1.1530 with targets at 1.1470 & 1.1450 in extension. Alternative scenario: above 1.1530 look for further upside with 1.1560 & 1.1590 as targets. Comment: the upward potential is likely to be limited by the resistance at 1.1530. *EUR/JPY intraday : rebound towards 167.65* Our pivot point is at 166.43. Our preference: rebound towards 167.65 Alternative scenario: below 166.43, expect 165.99 and 165.73. Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 166.85 and 167.08). *GBP/USD Intraday: key resistance at 1.3490.* Pivot: 1.3490 Our preference: short positions below 1.3490 with targets at 1.3390 & 1.3340 in extension. Alternative scenario: above 1.3490 look for further upside with 1.3535 & 1.3580 as targets. Comment: as long as the resistance at 1.3490 is not surpassed, the risk of the break below 1.3390 remains high. *GBP/JPY intraday : rebound towards 196.22* Our pivot point is at 194.32. Our preference: rebound towards 196.22 Alternative scenario: below 194.32, expect 193.64 and 193.23. Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 195.07 and 195.68). *USD/JPY Intraday: caution.* Pivot: 144.75 Our preference: long positions above 144.75 with targets at 145.45 & 145.80 in extension. Alternative scenario: below 144.75 look for further downside with 144.40 & 144.10 as targets. Comment: intraday technical indicators are mixed and call for caution. *USD/CAD Intraday: consolidation.* Pivot: 1.3630 Our preference: long positions above 1.3630 with targets at 1.3720 & 1.3750 in extension. Alternative scenario: below 1.3630 look for further downside with 1.3600 & 1.3570 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. *Dow Jones (DJ) Intraday: key resistance at 42690.00.* Pivot: 42690.00 Our preference: short positions below 42690.00 with targets at 42350.00 & 42220.00 in extension. Alternative scenario: above 42690.00 look for further upside with 42760.00 & 42840.00 as targets. Comment: the RSI has just struck against its neutrality area at 50% and is reversing down. *FOR ACCOUNT OPENING IN #pmex : +92 341-2630770
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