09-05-2022 11:05 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 05 September 2022 - Geojit Financial Services Ltd
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Gold LBMA Spot

While prices stay below $1720 expect weak bias to continue the day. Recovery upticks are expected only a break above $1770.

Silver LBMA Spot

If unable to move past $18.50 there are chances of weak bias to continue the day. However, recovery turn around can be seen only a break above $19.80.

Crude Oil NYMEX

Expect a mild positive bias as long as the support of $85 hold the downside. Unexpected drop below $83 is a sign of further liquidatio

Gold KG Oct

Choppy trading expected initially inside Rs 51200- 49800 levels and breaking either the sides would suggest fresh directional moves.

Silver KG Nov

As long as the support of Rs 51800 remains hold expect a recovery upturn for the day. A direct drop below the same would extend weakness.

Crude Oil Sep

A direct drop below Rs 6850 the sign of further liquidation pressure. Else, it may turn higher for the day.

Natural Gas Sep

IF the support or Rs 715 hold downside, there are chances of recovery upturn for the day. A direct fall below Rs 705 is liquidation signal.

Copper Sep

Expect a choppy with mild positive bias for the day. Further weakness is seen only a close below Rs 630.

Nickel Sep

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

Zinc Sep

Further selloffs are seen only a break of Rs 280. Inability to do so may see recovery upturn for the day.

Lead Sep

Choppy trading remains on the cards for the day. Upticks are seen only a break above Rs

Aluminium Sep

Range bound trade inside Rs 201-206 levels expected initially and breaking either sides would suggest fresh directions.

 

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