The document provides market cues and analysis for various commodities including gold, silver, crude oil, natural gas, and copper. Gold saw buying after breaking a trend line while facing resistance at $1382. Silver had rangebound trading near $28 resistance. Crude oil took support at $81 and faces resistance at $83. Natural gas had rangebound trading ahead of inventory data, facing resistance at $4.30. Copper continued buying while supported at $370 and facing resistance at $381.

1. Commodity Evening Session

2. Market cues
• Germany IFO Business climate (Nov) came in at 109.3 as
against the forecasted value of 107.4.
• Euro Zone Industrial orders m/m (Sep) came in at –3.8 as
against the forecasted value of –2.5.
• US Initial claims w/e consensus value of 435K against the
previous value of 439K.(13:30) GMT
• US Reuters/Michigan Consumer Sentiment Index (Nov)
consensus value of 69.5 against the previous value of
67.7.(14:55) GMT.
• US New home sales (MoM) (Oct) consensus value of 2.4%
against the previous value of 6.6% .(15:00) GMT.
• US EIA Crude Oil Stocks change (Nov 19) consensus value of -
1.9 mln against the previous value of –7.3 mln .(15:30) GMT.
• US Natural gas storage consensus value of -6 B against the
previous value of 3B.

3. Gold
• Gold witnessed some buying during the Asian and
Europe trading session as the gold has given trend
line breakout yesterday’s trading session and
managed to hold the gain.
• Intraday support for the market lies at the $1367
levels.
• $1382 will act as good intraday resistance levels for
the commodity. A successful break out from this
level could see the prices retesting the $1393
levels on the upside.
• RSI reading is at 55 levels.

4. Silver
• Silver witnessed range trading as prices are
nearing the key resistance levels of $28 during
Asian trading session.
• $27.30 will act as a good support level for
intraday trading. A successful break down from
this level could see the prices testing the
$26.95levels on the downside.
• $28 will be acting as a good resistance for the
prices on the upside.
• RSI reading is at the 62 levels currently.

5. Crude oil
• Crude oil witnessed some buying interest during
the Asian and European trading session as prices
took support from the level of $81.
• $81 will be acting as a good support level for the
prices during NYMEX trading session in the
evening.
• Prices have immediate resistance at the $83 levels
and a successful breakout could see the prices
testing the $83.80 level on the upside which was
40 DMA also.
• RSI reading is at the 43 levels.

6. Natural gas
• Natural gas witnessed some range bound trading
as the prices nearing the key resistance levels of
$4.30 and market is awaiting for release of
Inventories data.
• Prices have immediate resistance at the $4.30
levels. A successful break out with volumes could
see the prices testing the next key resistance level
of $4.50 on the upside.
• If $4.17 levels are broken on the downside prices
will have resistance coming in at the $4 levels.
• RSI reading is at the 65 levels.

7. Copper
• Copper witnessed buying interest continued from
during Asian and European trading session as the prices
managed to hold support level of $370 during
yesterday’s trading session.
• $381 levels will be acting as a good resistance level on
the upside for intraday trading during COMEX trading
session which was incidentally 40 DMA resistance also.
A successful breakout from this level could see the
prices retesting the $391 levels on the upside.
• $370 will be acting as a good support level for the
prices on the downside.
• RSI reading is at the 44 levels.