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Published on 21/11/2019 5:19:01 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Copper, Nickel, Zinc Commodity Report of 21 November 2019 By Geojit Financial

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

Gold

Technical Commentary

Current feebleness of prices may stretch lower in the coming session towards downside objective of 37900 then to 37780. But recovery move above 38200 may dent our weak bias.

 

Silver

Technical Commentary

Next stage of buying could see only above the 45200. Else hold the same for a corrective move towards the downside objective of 44150 followed by 43850.

 

Crude Oil

Technical Commentary

As long as prices hold above the support region of 4040 could boost prices to 4130 followed by 4170. But direct fall below 4040 may grab prices lower to 3995 or even lower

 

Natural Gas

Technical Commentary

Failed to crack above the immediate hindrance of 186.50 would hammer prices lower to 183 followed by 180.40. On the flipside, intraday buying may be seen only above 186.50.

 

Copper

Technical Commentary

Simmering weakness could be extended towards the immediate objective of 431.20 then to 428.20. But retreating trades above 434.40 would push prices to 437.60.

 

Nickel

Technical Commentary

Prices look to be in oversold state and possibly to show a reversal towards 1182/1195. However further weakness could see only below 1054 region.

 

Zinc

Technical Commentary

Weakness may persist towards the Bollinger lower band level of 185.25 then to 183.70. But rise above 187.50 could boost prices higher.

 

Lead

Technical Commentary

Prices possibly to float with in the trading range of 155-70-153.60. A firm move which breaks either side of above recommended region could set the directional move.

 

Aluminium

Technical Commentary

Broad weakness still intact and possibly to stretch lower towards the downside objective of 129 or even lower. But direct rise above the hurdle of 131 could lift prices higher

 

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