IGI Logo

Gold LBMA

Spot As long as prices stay above $1820 would extend rallies. Else, there are chances of corrective selling pressure for the day.

Silver LBMA

Spot A direct break above $24.50 is needed to trigger fresh rallies. Otherwise choppy with mild negative bias trading is on the cards.

Crude Oil NYMEX

Initial bias remains on the positive side but it required to break above $81 to continue the momentum. A close below $77 is a weak signal.

Gold KG Feb

Breaking either the sides of the congested regions of Rs 55400-54300 levels would suggest fresh short term direction.

Silver KG Mar

Active trades above Rs 70000 is needed to extend buying pressure. Else, chances of corrective selling are on the cards.

Crude Oil Jan

Mild positive bias expected initially but it is required to break above Rs 6750 to continue the momentum. A direct break below Rs 6300 is a bearish signal.

Natural Gas Jan

Weak bias may continue as long as the resistance of Rs 420 remains caps the upside. A direct lift above the same is a sign of fresh buying.

Copper Jan

Weak bias expected as long as Rs 720 caps the upside. Consistent trades above Rs 732 is a bullish signal.

Nickel Jan

There are chances of fresh buying interest in the counter. But it is expected a volume less trade near term.

Zinc Jan

 A direct break below Rs 266 would extend weak bias. Else, there are chances of recovery upticks.

Lead Jan

Inability to move past Rs 187, expect corrective selling pressure. Else, it may continue rallies for the day.

Aluminium Jan

Prices most likely to be congested inside Rs 212-205 levels and breaking any of the sides would suggest fresh directional moves.

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