13th Dec 2019

Bullion Gold

Silver

Base Metal

Copper

Zinc

Lead

Aluminium

Nickel

Energy Crude Oil

Natural Gas

Agro RM Seed

Soybean

Others Rubber

Diamond

Aaj Ka Trend

Silver Mar

CMP 43940

Trend Bearish

Potential Price 43700/43500

Reversal Price 44260

On the daily chart, the price has closed with positive note during the last session.

However, the price has been trading below the median line of the Bollinger Band, which adds bearish strength in the counter.

Furthermore, the price has shifted below the 21*50 days SMA’s, which signify bearish sentiments for the counter.

Additionally, RSI(14) has sustained below the 50 level, which suggests falling prices in the near term.

As per the above technical structure; we expect a bearish move in the counter.

On the daily chart, the price has been trading below the falling trend line and slipped 0.32% during the last session.

Moreover, the price has been trading below the median line of the Bollinger Band, which adds bearish strength in the counter.

Furthermore, the price has shifted below the 21*50 days SMA’s and Parabolic Sar, which signify negative sentiments for the counter.

Additionally, RSI(14) has sustained below the 50 level, which suggests falling prices in the near term.

As per the above technical structure; we expect a bearish move in the counter.

Gold Feb

CMP 37544

Trend Bearish

Potential Price 37450/37350

Reversal Price 37750

S3 S2 S1 Pivot R1 R2 R3

Gold 36718 37094 37316 37692 37914 38290 39264

Silver 42612 43158 43539 44085 44466 45012 46484

Aaj Ka Trend

Nickel Dec

CMP 1019.70

Trend Bullish

Potential Price 1026/1032

Reversal Price 1012

On the daily chart, the price glittered 0.63% during the last session.

Moreover, the price has taken the support of the rising trend line and horizontal trend line, which signifies bullish sentiments in the counter.

Additionally, the pair has been taking the support of the lower Bollinger Band.

Similarly, a momentum indicator RSI(14) has shown positive crossover, which is a positive sentiment for the near term.

As per the above technical structure; we expect bullish move in the counter.

On the daily chart, the price has slipped 0.11% during the last session.

Moreover, the price has shifted above the upper line of the Symmetrical Triangle Pattern, which confirms bullish strength in the counter.

Furthermore, the price has shifted above the 50*20 day's SMA, which indicates control in the hands of the bulls.

On the other hand, momentum indicator RSI(14) has been moving above the level 50, which may indicate bullish indication.

As per the above technical structure; we expect bullish move in the counter.

Copper Dec

CMP 442

Trend Bullish

Potential Price 443.60/445.80

Reversal Price 439

S3 S2 S1 Pivot R1 R2 R3

Copper 436 437 440 441 444 445 451

Nickel 988 996 1008 1016 1028 1036 1065

Aaj Ka Trend

Natural Gas Dec

CMP 163.60

Trend Bearish

Potential Price 161/159

Reversal Price 166.20

Natural Gas price gained 1.81% in the previous session.

However, the price has shifted below 78.60% Retracement level, which indicates that bearish trend may remain continue.

Furthermore, the price has shown a breakdown from the rising trend line, which adds negative strength in the counter.

Additionally, the price has been trading below the 50*200 days SMA’s, which signifies bearish strength in the counter. As per the above technical structure; we expect bearish move in the counter.

On the daily chart, the price gained 0.82% in the last session.

Moreover, the price has pulled back from the lower Bollinger Band, which indicates bullish trend may remain continue.

Furthermore, the price has also shifted above the 200 SMA which suggest rising prices.

In addition, momentum indicator RSI (14) has sustained above it’s 50 level which is positive for Crude Oil.

As per the above technical structure; we expect bullish move in the counter.

Crude Oil Dec

CMP 4204

Trend Bullish

Potential Price 4230/4250

Reversal Price 4149

S3 S2 S1 Pivot R1 R2 R3

Crude Oil 4089 4120 4160 4191 4231 4262 4365

Natural Gas 155 157 160 162 165 167 174

Aaj Ka Trend

Soybean Jan

CMP 4256

Trend Bullish

Potential Price 4280/4330

Reversal Price 4200

On the daily chart, the price closed with positive note in the last session.

Moreover, the price has been trading above the Bollinger Band median line, which signifies bullish sentiments for the counter.

Moreover, the price has sustained above the 21*50 days SMA’s, which indicates bullish strength in the counter.

Momentum indicators RSI (14) has been moving with positive crossover, which indicates control with the bulls.

As per the above technical structure; we expect bullish move in the counter.

On the daily chart, the price closed with positive note in the last session.

Moreover, the price has been taking the support of the Bollinger Band median line, which signals bullish power in the counter for the near term.

It has also sustained below 21*50 days SMA’s, which suggests rising prices.

Momentum indicator RSI (14) has decisively sustained above the 50 level upward, which indicates control in the hands of the bulls.

As per the above technical structure; we expect positive move in the counter.

RM Seed Jan

CMP 4471

Trend Bullish

Potential Price 4500/4530

Reversal Price 4430

S3 S2 S1 Pivot R1 R2 R3

RMSeed 4378 4398 4434 4454 4490 4510 4585

Soybean 4113 4149 4203 4239 4293 4329 4456

Aaj Ka Trend

Diamond 1CT Jan.

CMP 3535

Trend Bearish

Potential Price 3530/3523

Reversal Price 3543

On the daily chart, the price closed with negative note during the last session. Moreover, It has sustained below the 21*50 days SMA’s and Parabolic Sar, which signifies power to the bears.

Furthermore, the price has sustained below the Falling Trendline, which adds pressure in the counter. Momentum indicators RSI has crossed below 50 level, which indicates bearishness.

As per the above technical structure; we expect bearish move in the counter.

On the daily chart, the price closed with negative note during the previous session.

However, the price is trading above the median of the Bollinger Band.

Moreover, It has also sustained above the 21*50 days SMA’s and Parabolic Sar, which provides the counter with support.

Momentum indicators RSI(14) has sustained above the 50 level, which could provide strength in the near term.

As per the above technical structure; we expect bullish move in the counter.

Rubber Jan

CMP 13546

Trend Bullish

Potential Price 13700/13820

Reversal Price 13400

S3 S2 S1 Pivot R1 R2 R3

Rubber 13361 13443 13495 13577 13629 13711 13928

Diamond 3509 3521 3528 3539 3546 3558 3588

Aaj Ka Trend

Economic Calendar

Time Data Prior Expected 07:00PM Core Retail Sales m/m 0.2% 0.4%

07:00PM Retail Sales m/m 0.3% 0.5%

07:00PM Import Prices m/m -0.5% 0.2%

08:30PM Business Inventories m/m 0.0% 0.2%

COMEX/NYMEX/ICE(Precious Metals & Energy)

Commodity Current Price

Gold 1472.50

Silver 16.96

Crude Oil WTI 59.52

Brent Crude Oil 64.64

Natural Gas 2.32

Currency & Commodity Index

Currency (Spot) Current Price

USD / INR 70.58

Dollar Index 96.80

EUR / USD 1.117

CRB Index* 182.92

LME (Base Metals ) ($ Per Tones)

Commodity Closing Price

Copper 6209.59

Aluminum 1779.75

Zinc 2272

Lead 1942.75

Nickel 14047.50

SHFE (Base Metals) (Yuan Per Tones)

Commodity Current Price

Copper 49190

Aluminum 13920

Zinc 18075

Lead 15285

*Closing as on 12.12.19

International Market

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Aaj Ka Trend

S3 S2 S1 Pivot R1 R2 R3

Copper 436 437 440 441 444 445 451

Aluminium 131 132 133 133 134 134 136

Lead 152 153 153 154 154 155 156

Nickel 988 996 1008 1016 1028 1036 1065

Zinc 180 181 182 183 184 185 188

Natural Gas 155 157 160 162 165 167 174

RM Seed 4378 4398 4434 4454 4490 4510 4585

Soybean 4113 4149 4203 4239 4293 4329 4456

RSO 844 848 857 861 870 874 892

Jeera 15640 15710 15760 15830 15880 15950 16140

TMC 5935 5997 6123 6185 6311 6373 6624

Guar Seed 3939 3961 3981 4003 4023 4045 4110

Dhaniya 6189 6379 6490 6680 6791 6981 7473

Castor Seed 4189 4209 4247 4267 4305 4325 4404

Pivot Table