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Published on 20/03/2019 5:18:15 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil , Copper ,Nickel , Zinc Commodity Report Of 20th March 2019 By Geojit Financial

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

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Gold

Technical Commentary

Decisive trades below the internal trend line support of 31650 may squeeze down prices to 31520 or even more. Bungled attempt to crack below 31650 may drive up prices to 32000 region.

 

Silver

Technical Commentary

150-Day SMA level of 38400 seems to be crucial for major recovery. Else hold the same for a corrective move towards 37730 followed by the Bollinger lower band level of 37290.

 

Crude Oil

Technical Commentary

Tangible trades above the Bollinger upper band 4125 region could lift prices towards the 4170 then to 4225. Botched attempt to close above 4125 could grab prices lower to 4110.

 

Natural Gas

Technical Commentary

Ongoing consolidation brings lack of directional move. In this mystifying state, if prices hold the trend line support of 193.70 could lift prices to 200/202.70. Fall past below 193.70 may grab prices lower.

 

Copper

Technical Commentary

Recovery move likely to be upheld in the coming session towards the upside objective of 449 then to 450.80. But a direct fall through 442.40 may dent our buying expectation.

 

Nickel

Technical Commentary

Sustainable trades above the Bollinger middle band level of 917 could bid further recovery move towards 921/929. Else hold the same for weakness towards 896/885.

 

Zinc

Technical Commentary

As long as prices remain above the Bollinger middle band level of 196.10 could expect further recovery towards 199 followed by 200.20. But a vertical fall which breaks the hurdle of 196.10 may invite a bearish sentiment.

 

Lead

Technical Commentary

Intraday move is expected to be downside towards the trend line objective of 138 followed by 136.60. In this bearish note, solid trades above 140.60 could lift prices higher.

 

Aluminium

Technical Commentary

Steady trades above the falling trend line resistance 133.60 could extend buying towards the upside objective of 134.50 followed by Bollinger upper band level of 136.40. Else hold the hurdle of 133.60 for a corrective selling towards 131.

 

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