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Published on 11/01/2019 5:16:22 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil , Copper ,Nickel , Zinc Commodity Report Of 11-01-2019 By Geojit Financial

Posted in Commodities Reports| #Commodity Tips #Geojit Financial Services Ltd

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GOLD

Technical Commentary

Intraday move largely to be north bound towards the Bollinger upper band objective of 32135 followed by 32250. But a surprise move below 31880 could call a corrective downside move

 

SILVER

Technical Commentary

Broad buying momentum likely to uphold towards the price objective of 40200 then to 40440. But a surprise fall through the internal trend line support of 39180 may snatch down prices to 38850.

 

CRUDEOIL

Technical Commentary

Present recovery momentum may prolong in the coming session towards the upside objective of 3810 followed by trend line hurdle of 3865 region. However, slippage below 3700 may dent our buying expectation.

 

NATURAL GAS

Technical Commentary

Solid trades above the trend line obstacle of 219 region may bid a short covering move towards 227- 230 region. Botched effort to win above 219 may grab prices lower to 209.60 followed

 

COPPER

Technical Commentary

A major upside move may withstand only by reliable trades above the falling trend line resistance of 420.40 region. Else hold the same for a corrective move towards the internal trend line support of 412 region.

 

NICKEL

Technical Commentary

Ensuing buying sentiment may probably persist in the coming session towards the upside objective of 819 or even higher. On the other hand, intraday weakness could see only below the erstwhile trend line resistance of 796 region.

 

Zinc

Technical Commentary

Determined trades above the Bollinger signal line resistance of 176.60 could lift prices towards the upside objective of 178.70 or even more. Failed to sustain above 176.60 may grab prices lower to 173.80 region.

 

Lead

Technical Commentary

Witnessing recovery momentum likely to uphold in the coming session towards the horizontal trend line objective of 141.70 then to Bollinger upper band level of 142.65 region. On the other hand intraday weakness could see only below 139.80 region.

 

Alumini

Technical Commentary

If prices stayed below the Bollinger signal line resistance of 131.60 region could grab prices lower to 129 followed by 128.10. Voluminous trades above 131.60 may push prices higher.

 

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