MENU

Published on 27/11/2019 10:56:10 AM | Source: Enrich Commodities India Pvt Ltd

Aluminium, Copper, Lead, Natural Gas, Nickel, Silver, Zinc Commodity Report Of 27/11/2019 By Enrich Commodities

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Aluminium

Technical Outlook

Aluminium Dec daily chart has formed "Falling channel" pattern. The last few sessions ended up in sideways trend along with some corrections inside the channel. The market is expected to continue on the bullish momentum based on the current price action, once the same breaks above a key resistance holding at 132.80. The upside rally could be testing all the way through 134-136 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 130 level. Key support holds at 130.

Technical Chart

To Read Complete Report & Disclaimer Click Here

 

Copper

Technical Outlook

Copper Dec daily chart has formed "Rectangle chart" pattern. The last few sessions been in sideways trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 438. The upside rally could be testing all the way through 442-445 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 432 level. Key support holds at 432.

Technical Chart

To Read Complete Report & Disclaimer Click Here

 

Lead

Technical Outlook

Lead Dec Daily chart has formed “Rising channel” pattern. The last few sessions ended up in sideways trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 154.50. The upside rally could be testing all the way up to 156-157 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 152 level. Key support holds at 152.

Technical Chart

To Read Complete Report & Disclaimer Click Here

 

Natural Gas

Technical Outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up in sideways trend along with some corrections inside the channel. The market is expected to continue on bearish momentum based on the price action, once the same breaks below a key support holding at 179. The downside rally could be testing all the way through 175-170 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 186 level. Key resistance holds at 186.

Technical Chart

To Read Complete Report & Disclaimer Click Here

 

Nickel

Technical Outlook

Nickel Dec daily Chart has formed "Descending broadening wedge" pattern. The last few sessions been in sideways trend along with some corrections inside the channel. The market is expected to continue on the bearish term based on the current price action, once the same breaks below a key support holding at 1055. The downside rally could be testing all the way through 1040-1028 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 1090 level. Key resistance holds at 1090.

Technical Chart

To Read Complete Report & Disclaimer Click Here

 

Silver

Technical Outlook

MCX Silver Dec futures technical chart has taken the formation of "Symmetrical triangle" pattern in daily time frame. Last few sessions ended up in sideways in trend along with some corrections inside the channel, where the market is expected to continue on the bullish trend. The continuation of the trend will be confirmed once the prices breaks above a key resistance holding at 44650. The positive rally could be extending all the way up to 45000-45300 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 43900 level. Key support holds at 43900.

Technical Chart

To Read Complete Report & Disclaimer Click Here

 

Zinc

Technical Outlook

Zinc Nov daily chart has formed “Rising wedge” pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the current price action, testing all the way through 191 level in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 185.80 then it might turn bearish once again. The downside rally could test up to 184-182 level. Key resistance holds at 191.

Technical Chart

To Read Complete Report & Disclaimer Click Here

 

Views express by all participants are for information & acadamic purpose only. Kindly read disclaimer before refering below views. Click Here For Disclaimer