26th 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 46570

Trend Bullish

Potential Price 46800/46950

Reversal Price 46250

On the daily chart, the price glittered and closed up by 1.76% during the last session.

Moreover, the price has closed above its upper Bollinger Band, which adds bullish momentum in the near term.

Furthermore, the price has sustained above the 20 days EMA, which indicates bullish presence in the counter.

Additionally, momentum indicator Stochastic (6) has shown a positive crossover, which suggests power to the bulls.

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

On the daily chart, the price has closed on a positive note and rose by 0.91% during the last session.

Also, the price has been trading above its 20 EMA which adds positive momentum in the counter for the near term.

Furthermore, momentum indicator Stochastic (6) has been moving in a positive crossover which signals bullishness.

Additionally, the counter’s Heikin Ashi candle has formed a series of green candles, which signals power to the bulls.

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

Gold Feb

CMP 38662

Trend Bullish

Potential Price 38800/38900

Reversal Price 38550

S3 S2 S1 Pivot R1 R2 R3

Gold 38041 38167 38388 38514 38735 38861 39333

Silver 45249 45517 45998 46266 46747 47015 48033

Aaj Ka Trend

Nickel Dec

CMP 1044.50

Trend Bullish

Potential Price 1052/1055

Reversal Price 1040

On the daily chart, the price glittered and closed up by 0.29% during the last session.

Also, the price has sustained above its 20 EMA, which signifies bullish presence in the counter for the near term.

Additionally, momentum indicator Stochastic (6) has shown a positive crossover which signals power to the bulls.

Similarly, the price has been trading above its Parabolic SAR, which signals control in the hands of the bulls.

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

On the daily chart, the price faced pressure and closed in a negative note by 0.27% during the last session.

Also, the price has taken resistance of the Ichimoku cloud, which confirms bearish strength in the counter.

Furthermore, the price has also taken resistance of the upper Bollinger Band which indicates control in the hands of the bears.

Additionally, the counter’s Heikin Ashi candle has formed a series of red candles which is bearish.

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

Copper Dec

CMP 443.75

Trend Bearish

Potential Price 438/435

Reversal Price 445.30

S3 S2 S1 Pivot R1 R2 R3

Copper 437 438 439 440 441 443 446

Nickel 1028 1035 1044 1052 1060 1068 1092

Aaj Ka Trend

Natural Gas Dec

CMP 155.80

Trend Bearish

Potential Price 151/149

Reversal Price 159

Natural Gas price faced pressure and fell by 1.83% in the previous session.

Also, the price has faced resistance of its upper downward sloping channel which signals that the bears are in control.

Furthermore, the price has been trading below the 50*200 days EMA, which adds negative strength in the counter.

Additionally, momentum indicator RSI (14) has sustained below its 50 level, 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 glittered and closed in a positive note in the last session.

Also, Crude Oil is trading in its Upward sloping channel, which indicates that the counter is in an uptrend .

Furthermore, the price is trading above its Parabolic SAR which suggests rising prices.

Additionally, momentum indicator RSI(14) has sustained above its 50 level, which signals bullishness.

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

Crude Oil Dec

CMP 4364

Trend Bullish

Potential Price 4410/4430

Reversal Price 4320

S3 S2 S1 Pivot R1 R2 R3

Crude Oil 4272 4292 4322 4342 4372 4392 4462

Natural Gas 150 152 154 156 158 160 166

Aaj Ka Trend

Soybean Jan

CMP 4410

Trend Bullish

Potential Price 4480/4500

Reversal Price 4360

On the daily chart, the price faced pressure and closed in a negative note in the last session.

But, the price has sustained above its Ichimoku Cloud, which signifies bullish power in the counter.

Furthermore, the price is trading above its Parabolic SAR, which indicates power to the bulls.

Momentum indicators MACD has been moving with positive crossover, which indicates control in the hands of the bulls.

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

On the daily chart, the price gapped down but closed positive for the day.

Also, the price has been trading above its Parabolic SAR, which signifies bullish momentum in the counter.

It has also sustained above its 50*200 days EMA’s, which suggests rising prices.

Momentum indicator has shown a positive crossover which indicates control in the hands of the bulls.

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

RM Seed Jan

CMP 4600

Trend Bullish

Potential Price 4670/4690

Reversal Price 4550

S3 S2 S1 Pivot R1 R2 R3

RMSeed 4480 4525 4563 4608 4646 4691 4820

Soybean 4239 4285 4347 4393 4455 4501 4654

Aaj Ka Trend

Diamond 1CT Jan.

CMP 3562.90

Trend Bullish

Potential Price 3569/3572

Reversal Price 3555

On the daily chart, the price closed in a negative note during the last session. But, It has closed above the 21*50 days SMA, which signifies power in the hands of the bulls

Moreover, the counter is trading above its Bollinger Band median which indicates bullishness. Furthermore, momentum indicator RSI (14) has been moving upwards from the oversold levels which is positive for the counter.

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

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

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

Moreover, It has also sustained above the 21*50 days SMA, which provides the counter with support.

Momentum indicators MACD has sustained above the 0 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 13415

Trend Bullish

Potential Price 13550/13615

Reversal Price 13315

S3 S2 S1 Pivot R1 R2 R3

Rubber 13218 13292 13353 13427 13488 13562 13770

Diamond 3554 3557 3561 3564 3569 3572 3582

Aaj Ka Trend

Economic Calendar

Time Data Prior Expected 7:00pm Unemployment Claims 234K 222K

COMEX/NYMEX/ICE(Precious Metals & Energy)

Commodity Current Price

Gold 1508.35

Silver 18.032

Crude Oil WTI 61.38

Brent Crude Oil 67.45

Natural Gas 2.236

Currency & Commodity Index

Currency (Spot) Current Price

USD / INR 71.24

Dollar Index 97.205

EUR / USD 1.112

CRB Index* 185.53

LME (Base Metals ) ($ Per Tones)

Commodity Closing Price

Copper 6202.50

Aluminum 1818.00

Zinc 2274.75

Lead 1933.25

Nickel 14312.50

SHFE (Base Metals) (Yuan Per Tones)

Commodity Current Price

Copper 49550

Aluminum 14150

Zinc 17915

Lead 15205

*Closing as on 24.12.19

International Market

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Aaj Ka Trend

S3 S2 S1 Pivot R1 R2 R3

Copper 437 438 439 440 441 443 446

Aluminium 133 134 135 135 136 137 139

Lead 142 145 147 150 153 156 165

Nickel 1028 1035 1044 1052 1060 1068 1092

Zinc 169 172 174 178 180 183 193

Natural Gas 150 152 154 156 158 160 166

RM Seed 4480 4525 4563 4608 4646 4691 4820

Soybean 4239 4285 4347 4393 4455 4501 4654

RSO 891 896 905 910 919 925 945

Jeera 15780 15920 16125 16265 16470 16610 17095

TMC 5893 5947 6035 6089 6177 6231 6426

Guar Seed 4063 4093 4123 4153 4183 4213 4302

Dhaniya 6064 6161 6235 6332 6406 6503 6770

Castor Seed 4082 4158 4218 4294 4354 4430 4642

Pivot Table