Trading Picks for Next Week 25-29 Nov 2019

Trading Picks for Next Week 25-29 Nov 2019

Here are some trading picks for the next and coming weeks :

Natural Gas : After bullish inventory report last Thursday a massive short-covering have been seen on Friday, on the weekend. Nat-gas has crossed its immediate resistance of 2.6 and closed above that making a bullish close. Now weather-condition in the US seems cold enough to support the Nat-Gas price and we are expecting a higher level in prices of Nat-Gas in the coming weeks. We are expecting a target of 200 and above till Dec expiry on MCX.  

Nat-Gas Daily Chart

Zinc: On the weekend, Friday 22-Nov-2019, Zinc bounce back after touching 185.55 on day low and managed to close in green at 188.35. Its day's high was 189.40. A bullish engulfing candle pattern was seen in the zinc price. I think that Zinc after small consolidation may start again its upward move, so our immediate stop-loss should be below day low and target for positional maybe 190-191, 198. But since the expiry of the Nov month contract is very near so it will be better to take a position in Dec Month contract.

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