01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 20 September 2022 - Geojit Financial Services
News By Tags | #473 #4943

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Gold LBMA Spot

Intraday momentum remains choppy initially. A direct rise above $1680 is needed to extend upticks for the day

Silver LBMA Spot

Immediate resistance is seen at $19.80. Break of which would extend rallies. Else, there are chances of selling pressure.

Crude Oil NYMEX

Consistent trades below $82 prices would liquidate further. Else, expect choppy trades in cards for the day.

Gold KG Oct

Prices remains choppy with mild negative as long as it stays below Rs 49800. Recovery upticks are expected only a break above Rs 50200.

Silver KG Dec

A direct break above Rs 57600 would extend rallies. Else, there are chances of corrective selling pressure for the day.

Crude Oil Sep

Intraday trend more likely to be range bound inside Rs 6500-7200 levels and breaking either sides would suggest fresh short term directions

Natural Gas Sep

A mild recovery bias expected initially it is tough to break the resistances of Rs 660. Consistent trades below Rs 615 would liquidate prices further.

Copper Sep

Prices remains choppy inside Rs 630-660 levels and breaking any of the sides would suggest fresh directional moves for the day.

Nickel Sep

Volume less trades inside Rs 1720-2250 levels likely to continue in near future.

Zinc Sep

Break above the resistance of Rs 292 is needed to trigger fresh buying momentum. Else, weak bias in the cards for the day.

Lead Sep

While prices stay above Rs 178 likely to extend the recovery momentum. Else, weakness may be seen for the day.

Aluminium Sep

Weakness may continue if prices are unable to move past Rs 202. However stiff downside support is seen at Rs 195.

 

To Read Complete Report & Disclaimer Click Here

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer