Commodity Intraday Technical Outlook 25 November 2022 - Geojit Financial Services
Gold LBMA Spot
Choppy with recovery bias is on the cards as long as the support of $1730 hold the downside. A direct drop below $1680 would trigger major liquidation pressure.
Silver LBMA Spot
Prices remains held under range bound bias initially. However, if it is unable to break the support of $20.20 there are chances of recovery upticks.
Crude Oil NYMEX
Expect recovery upticks initially. Meanwhile, consistent trades below $76 is a sign of major liquidation pressure.
Gold KG Dec
A direct rise above Rs 53000 would trigger major rallies. Else, expect a choppy trading for the day.
Silver KG Dec
Intraday trading most likely range bound inside Rs 61600-64000 levels and breaking any of the sides would suggest fresh directional moves.
Crude Oil Dec
A direct break of Rs 6200 would continue liquidation pressure. Else, there are chances of recovery upticks.
Natural Gas Dec
Expect a range bound trading initially. A direct drop below is a sign of major liquidation pressure.
Copper Dec
If unable to break Rs 682 there are chances of corrective selling pressure for the day. A direct rise above would lift prices further higher.
Nickel Dec
There are chances of fresh buying interest in the counter. But it is expected a volume less trade near term.
Zinc Dec
It is required to break the support of Rs 262 to extend liquidation. Else, there are chances of recovery upticks.
Lead Dec
A direct break below Rs 182 would liquidate prices further. Inability to do so may see recovery upticks for the day.
Aluminium Dec
If Rs 210 remains caps the upside, expect selling pressure to continue the day. A direct rise above the same would extend rallies.
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