Published on 13/12/2019 5:17:35 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Copper, Nickel, Zinc Commodity Report of 13 December 2019 By Geojit Financial

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

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Technical Commentary

Prices clearly held the Bollinger lower band level of 37420 and if this hindrance remain unbroken could lift prices higher to 37890 followed by 38070.



Technical Commentary

March past above the price hindrance of 44650 could boost prices higher. In this positive note, botched attempt to sustain above the same may push prices lower to 43700 or even further.


Crude Oil

Technical Commentary

Ensuing buying sentiment likely to uphold in the coming session towards the Bollinger upper band level of 4285 then to 4305. But dip below 4170 may dent our buying expectation.


Natural Gas

Technical Commentary

Intraday weakness could establish only below 159. Botched attempt to crack below the aforementioned region could boost prices higher to 163.40 /165.



Technical Commentary

Reclaiming trades above 445 could lift prices higher. If not, may squeeze down prices lower to 441 initially followed by 437.70.



Technical Commentary

Successful trades above the Bollinger middle band level of 1034 could lift prices higher. Conversely, failed to crack above the same could call a long liquidation move .



Technical Commentary

Solid trades above the SMA level of 183.90 could push prices higher. Inability to challenge below the same could push prices lower to 182.30 and 181.50 there after.



Technical Commentary

Major recovery may establish only above the EMA level of 154.40. Which if remain undisturbed could expect weakness for today.



Technical Commentary

Intraday weakness could see only below the Bollinger middle band level of 132. Else could expect further buying towards 134.80 followed by 136.


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