Commodity Intraday Technical Outlook 03 February 2023 - Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Gold LBMA Spot
Prices remains choppy initially. However, a direct drop below $1900 would liquidate prices further.
Silver LBMA Spot
Consistent trades above $24.50 would trigger further rallies. Else, expect a choppy trading for the day.
Crude Oil NYMEX
Choppy with mild upticks expected while the support of $75 remains undisturbed. A direct drop of which would liquidate prices further.
Gold KG Feb
While prices stay above Rs 56600 expect recovery upticks to continue. A direct drop of which is a sign of weakness.
Silver KG Mar
A long as the support of Rs 69500 hold the downside, expect rallies may continue the day. Consistent trades below Rs 66500 is a weak sign.
Crude Oil Feb
Choppy trading expected initially. However consistent trades below Rs 6200 prices would liquidate further.
Natural Gas Jan
Liquidation pressure may continue while prices stay below Rs 220. A direct turn above Rs 235 would extend recovery upticks.
Copper Feb
Choppy trading expected the day. However a direct drop below Rs 760 would liquidate prices further.
Nickel Feb
Expect choppy with thin volume trading in the near future.
Zinc Feb
Consistent trades above Rs 300 would extend rallies. Else, corrective selling pressure is on the cards.
Lead Feb
Choppy with mild negative bias expected as long as prices stay below Rs 189.
Aluminium Feb
If unable to break above Rs 227 expect corrective selloffs to continue the day. Consistent trades above the same would extend rallies.
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
