Commodity Intraday Technical Outlook 03 November 2022 - Geojit Financial Services
Gold LBMA Spot
Expect prices remains choppy initially. A direct drop below $1620 is a sign of further liquidation pressure for short term.
Silver LBMA Spot
Prices most likely choppy inside $20-18.80 levels initially and breaking any of the sides would suggest fresh short term directions.
Crude Oil NYMEX
If unable to break the support of $87 there are chances of recovery upticks. A direct dip below $86 is a weak signal.
Gold KG Dec
If Rs 50800 remains caps, prices mostly choppy with mild negative. A direct rise above Rs 51500 would trigger rallies.
Silver KG Dec
Consistent trades above Rs 58800 would trigger recovery upticks. Else, there are chance of corrective selling pressure.
Crude Oil Nov
While prices stay above Rs 7200 there are chances of continuation of upticks. A direct drop below Rs 7020 would trigger selling pressure.
Natural Gas Nov
Inability to break the immediate resistance of Rs 520 intraday bias mostly on the downside. A direct rise above Rs 528 would trigger further rallies.
Copper Nov
If unable to sustain above Rs 665 there are chances of selling pressure. A direct rise above would trigger fresh rallies.
Nickel Nov
Volume less trades inside Rs 1720-2250 levels likely to continue in near future.
Zinc Nov
Further rallies are seen only on a consistent trades above Rs 260. A direct dip below Rs 252 is a weak sign.
Lead Nov
It is required to break above Rs 183 to continue rallies. Inability to do so may see corrective selling pressure.
Aluminium Nov
Break above Rs 202 would trigger another round of rallies. Else, expect choppy trading for the day.
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