Enrich Commodities India Pvt.Ltd
Published on 16/11/2017 1:00:04 PM

ZINC

Technical view:

Zinc is in short term bears phase. The daily Technical chart of zinc displays an ascending triangle which is generally considered to be a continuation pattern. Strong support holds at 206.40. If it breaks, the support price could fall up to 204.50-200 Resistance holds at 209. Sell on rise would be a better trading strategy in this current market scenario.

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Enrich Commodities India Pvt.Ltd
Published on 16/11/2017 12:59:31 PM

SILVER

Technical View 

Silver 4Hr basis chart displays a lot of corrections in the market in bullish momentum forming a “Symmetrical triangle” pattern. The corrections in last session ended up near tip of the triangle indicating that if market breaks above the resistance slope line then it might trigger the strong extension of bullish momentum in the market which might rally towards 40100-40250 levels. Support holds at 39500.

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Enrich Commodities India Pvt.Ltd
Published on 16/11/2017 12:59:05 PM

NICKEL

Technical view:

 Nickel is in short-term sideways market. The daily chart has formed strong bearish candle where the trading gaps are completely filled. Support Iis taken at 748. Key resistance holds at 765. Nickel prices are expected to consolidate between support and resistance in the next few trading sessions.

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Enrich Commodities India Pvt.Ltd
Published on 16/11/2017 12:58:40 PM

NATURAL GAS

Technical View 

Natural Gas 4HR chart has formed “Rising Wedge” pattern. The last market session has consolidated and ended up retesting the channel’s support slop line. Market is expected to turn to positive momentum once again as per the technical aspects and the upside rally might travel towards 204- 206 levels in the upcoming sessions. A Strong Resistance holds at 212, the same in short-term holds at 207 and Support holds at 199.

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