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Published on 19/11/2019 5:25:09 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Copper, Nickel, Zinc Commodity Report of 19 November 2019 By Geojit Financial

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

Gold

Technical Commentary

Prices possibly to float within the trading range of 37860-38250. A firm move which breaks either side of the above mentioned region could set the directional move.

 

Silver

Technical Commentary

As long as prices remain below the SMA level of 45000 could grab prices lower to 44500 then to 44100. On the other hand, revamping trades above 45000 may lift prices higher.

 

Crude Oil

Technical Commentary

Prices have room for further weakness towards the Bollinger middle band level of 4040 then to 4005. But recovery move above the 4125 may entice fresh buying for intraday.

 

Natural Gas

Technical Commentary

As long as prices remain below the Bollinger middle band level of 187.80 could anticipate further more correction towards 179.20 then to 176. Major recovery could establish only above 187.80.

 

Copper

Technical Commentary

Prices possible to trade lower in the coming session towards 434.80 then to 431.60. In the dreary picture, steadfast trades above the EMA level of 439.80 could lift prices higher.

 

Nickel

Technical Commentary

Prevailing weakness may extend towards the downside objective of 1082 then to 1069. Whereas decisive trades above the horizontal trend line resistance of 1105 may push prices higher.

 

Zinc

Technical Commentary

Consecutive days of weakness may continue in the coming session towards the EMA level of 189.50 then to 188.90. But reliable trades above the 192 may lift prices higher.

 

Lead

Technical Commentary

Weakness may continue in the coming session towards the 152.90 then to Bollinger lower band level of 152.10. Meanwhile, rise above 154.80 could boost prices higher.

 

Aluminium

Technical Commentary

Rise above Bollinger middle band level of 132 could lift prices higher. Else hold the same for a corrective move towards 130.60 or even lower to 129.30

 

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