10th Jan 2020

Bullion Gold

Silver

Base Metal

Copper

Zinc Mini

Lead Mini

Alumini

Nickel

Energy Crude Oil

Natural Gas

Agro RM Seed

Soybean

Others Rubber

Diamond

Aaj Ka Trend

Silver Mar

CMP 46579

Trend Bearish

Potential Price 46300/46100

Reversal Price 46900

On the daily chart, the price drifted during the last session.

Moreover, the price has pushed back from the upper Bollinger Band, which adds bearish momentum in the near term.

Furthermore, the price has shifted below the 21 days SMA’s and Parabolic Sar, which signals bearish presence in the counter.

Additionally, momentum indicator RSI (14) has been moving in a negative crossover, which suggests power to the bears.

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

On the daily chart, the price has closed with negative note and slipped 0.73% during the last session.

Moreover, the price has pushed back from the upper Bollinger Band, which confirms bearish momentum in the counter for the near term.

Furthermore, the price formed bearish engulfing candlestick pattern, which signals bearish presence in the counter.

Additionally, a momentum indicator RSI(14) has been moving in a negative crossover, which signals power to the bears.

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

Gold Feb

CMP 39830

Trend Bearish

Potential Price 39700/39600

Reversal Price 40000

S3 S2 S1 Pivot R1 R2 R3

Gold 39003 39306 39537 39840 40071 40374 41212

Silver 45211 45788 46168 46745 47125 47702 49236

Aaj Ka Trend

Nickel Jan

CMP 1037.40

Trend Bullish

Potential Price 1042/1048

Reversal Price 1028

The price closed with negative note during the last session.

However, on the daily chart the price has shifted 21*200 days SMA’s, which signifies bullish presence in the counter for the near term.

Additionally, the price has sustained above the rising trend line, which confirms power to the bulls.

Similarly, a momentum indicator RSI(14) has shown positive crossover, which indicates bullishness.

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

The Copper price closed with negative note during its last trading session.

However, on the daily chart the price has been trading above its Parabolic SAR, which confirms bullish strength in the counter.

Furthermore, the price has sustained above the 21*50 SMA, which indicates control in the hands of the bulls.

Additionally, momentum indicator RSI(14) has been moving above the level 50, which is a bullish indication for the counter.

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

Copper Jan

CMP 449.95

Trend Bullish

Potential Price 453/455

Reversal Price 448.20

S3 S2 S1 Pivot R1 R2 R3

Copper 445 448 449 451 452 455 461

Nickel 1019 1027 1032 1040 1045 1053 1075

Aaj Ka Trend

Natural Gas Jan

CMP 153.20

Trend Bearish

Potential Price 151/148

Reversal Price 156.60

Natural Gas price has closed with positive note in the previous session.

However, the price has been trading below its 50*200 days SMA’s, which suggests bearish power in the counter.

Furthermore, the price has been trading below the horizontal trend line, which indicates bearish presence.

Similarly, momentum indicator RSI(14) has shown a fresh negative crossover, 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 drifted in the previous session by 0.49%

Moreover, Crude Oil price has slipped from the upper line of the rising channel, which adds bearish strength in the counter.

Furthermore, the price has also shifted below 21 Days SMA’s and Parabolic Sar, which suggests falling prices.

Additionally, momentum indicator RSI (14) has shown a negative crossover, which signals power to the bears.

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

Crude Oil Jan

CMP 4237

Trend Bearish

Potential Price 4200/4160

Reversal Price 4300

S3 S2 S1 Pivot R1 R2 R3

Crude Oil 4059 4118 4183 4242 4307 4366 4550

Natural Gas 146 148 151 153 156 158 165

Aaj Ka Trend

Soybean Jan

CMP 4346

Trend Bullish

Potential Price 4375/4420

Reversal Price 4300

On the daily chart, the price glittered in the last session.

Moreover, the price has pulled back from the from the 50 days SMA’s, which acts as a support in the counter.

Furthermore, the price also taken the support of it’s earlier swing high, which indicates power to the bulls.

Momentum indicators RSI (14) has been moving above the level 50, which indicates more bullishness.

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

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

Moreover, the price has been trading below the Bollinger Band median line, which signifies bearish momentum in the counter.

It has also sustained below its 21 days SMAs and Parabolic Sar, which suggests falling prices.

Momentum indicator RSI (14) has sustained below the 50 level which indicates control in the hands of the bears.

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

RM Seed Jan

CMP 4520

Trend Bearish

Potential Price 4480/4440

Reversal Price 4560

S3 S2 S1 Pivot R1 R2 R3

RMSeed 4442 4471 4496 4525 4550 4579 4663

Soybean 4239 4271 4309 4341 4379 4411 4514

Aaj Ka Trend

Diamond 1CT Feb.

CMP 3563.50

Trend Bearish

Potential Price 3555/3545

Reversal Price 3576

On the daily chart, the price closed with negative note during the last session. Moreover, It has formed bearish engulfing candlestick pattern, which signifies power in the hands of the bears.

Moreover, the counter pushed back from the its upper Bollinger Band, which indicates bearishness. Furthermore, momentum indicator MACD has sustained below the 0 level, which is negative bias for the counter.

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

On the daily chart, the price glittered during the previous session.

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

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

Momentum indicator MACD has sustained above its 0 level, which confirms strength in the near term.

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

Rubber Jan

CMP 13812

Trend Bullish

Potential Price 13920/14000

Reversal Price 13700

S3 S2 S1 Pivot R1 R2 R3

Rubber 13450 13545 13675 13770 13900 13995 14315

Diamond 3539 3551 3558 3571 3578 3590 3621

Aaj Ka Trend

Economic Calendar

Time Data Prior Expected

07:00PM Average Hourly Earnings m/m 0.2% 0.3%

07:00PM Non-Farm Employment Change 266K 162K

07:00PM Unemployment Rate 3.5% 3.5%

08:30PM Final Wholesale Inventories m/m 0.0% 0.0%

COMEX/NYMEX/ICE(Precious Metals & Energy)

Commodity Current Price

Gold 1548.75

Silver 17878

Crude Oil WTI 59.43

Brent Crude Oil 65.23

Natural Gas 2.171

Currency & Commodity Index

Currency (Spot) Current Price

USD / INR 71.225

Dollar Index 97.13

EUR / USD 1.1109

CRB Index* 183.56

LME (Base Metals ) ($ Per Tones)

Commodity Closing Price

Copper 6182.50

Aluminum 1805.25

Zinc 2360.75

Lead 1931.75

Nickel 14132.50

SHFE (Base Metals) (Yuan Per Tones)

Commodity Current Price

Copper 48910

Aluminum 14255

Zinc 18280

Lead 14950

*Closing as on 09.01.20

International Market

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Aaj Ka Trend

S3 S2 S1 Pivot R1 R2 R3

Copper 445 448 449 451 452 455 461

Alumini 139 140 141 141 142 142 144

Lead Mini 150 150 151 152 152 153 155

Nickel 1019 1027 1032 1040 1045 1053 1075

Zinc Mini 178 179 180 182 183 185 189

Natural Gas 146 148 151 153 156 158 165

RM Seed 4442 4471 4496 4525 4550 4579 4663

Soybean 4239 4271 4309 4341 4379 4411 4514

RSO 916 923 927 934 939 945 963

Jeera 15547 15703 15817 15973 16087 16243 16670

TMC 6126 6224 6284 6382 6442 6540 6796

Guar Seed 4058 4086 4104 4132 4150 4178 4252

Dhaniya 6326 6367 6424 6465 6522 6563 6703

Castor Seed 4114 4144 4166 4196 4218 4248 4330

Research Team Mr. Sumeet Bagadia: Executive Director

Sachin Gupta : Sr. Research Associate Bhupendra Kushwaha : Research Associate

Ian Gonsalves : Research Associate Diksha Mhatre : Research Advisor

Anup Chaudhary : Research Advisor

Pivot Table