MENU

Published on 18/09/2019 4:52:29 PM | Source: Geojit Financial Services Ltd

Gold, Silver, Crude Oil, Copper, Nickel, Zinc Commodity Report of 18 September 2019 By Geojit Financial

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

Gold

Technical Commentary

Prices likely to trade within the trading range of 38200-37520. A firm move which breaks either side of the aforementioned region could set up price direction.

 

Silver

Technical Commentary

Intraday buying could see only above the Bollinger middle band level of 47230 and such active move may push prices to 47600 or even higher. Failed surpass above 47230 could grab prices lower.

 

Crude Oil

Technical Commentary

Sturdy trades below the internal trend line support of 4165 may grab prices lower. Else hold the hindrance of 4165 for price recovery towards 4280 or even higher to 4330

 

Natural Gas

Technical Commentary

Fall past below 188.50 could push prices lower. Failed to crack below 188.50 could lift prices to 194.80 followed by Bollinger upper band level of 199.20.

 

Copper

Technical Commentary

Weakness may persist in the coming session towards the immediate objective of 447 followed by EMA level of 444.50. But determined trades above 451.80 could lift prices higher.

 

Nickel

Technical Commentary

If prices hold the support region of 1212 could boost prices towards the upside objective of 1233 then to SMA level of 1249. But fall past below 1212 could push prices lower.

 

Zinc

Technical Commentary

Reclaiming trades below the Bollinger middle band level of 183.90 could push prices lower. Botched attempt to crack below the same could invite recovery move towards 185.80 then to 186.50.

 

Lead

Technical Commentary

Intraday recovery may live up only above the Bollinger middle band level of 154.70. Else hold the same for a corrective move towards the downside price objective of 152.90 or even lower.

 

Aluminium

Technical Commentary

As price being broken the downside hurdle of 139 region could extend weakness towards the downside objective of 138.30 followed by 137.70. In this weak bias, rise above the candle high of 139.80 could lift prices higher.

 

To Read Complete Report & Disclaimer Click Here
 

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 
SEBI Registration Number: INH200000345

 

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