01-06-2023 10:41 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 06 January 2023 - Geojit Financial Services
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Gold LBMA Spot

Consistent trades above $1825 would extend rallies. Else, there are chances of corrective selling pressure for the day.

Silver LBMA Spot

Choppy trading expected initially, but a direct break below $23 is a sign of downside reversal.

Crude Oil NYMEX

If unable to move past the support of $72 there are chances of mild recovery upticks. A direct drop of which would trigger further liquidation pressure.

Gold KG Feb

Consistency above Rs 55400 needed to continue recovery upticks. Unexpected break below Rs 55100 is a sign of liquidation pressure.

Silver KG Mar

Further rallies are seen only a break above Rs 70500. Else, there are chances of choppy with mild negative bias trading.

Crude Oil Jan

If the support of Rs 6000 hold the downside, there are chances of recovery upticks. Else, it may continue selling pressure for the day.

Natural Gas Jan

While prices stay below Rs 360 liquidation pressure may continue. A direct rise above Rs 392 is an immediate upside reversal point.

Copper Jan

As long as the support of Rs 700 remain undisturbed expect a recovery upturn today. A direct fall of which is a sign of liquidation.

Nickel Jan

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

Zinc Jan

Inability to move past Rs 190, expect corrective selling pressure. Else, it may continue rallies for the day.

Lead Jan

Inability to move past Rs 190, expect corrective selling pressure. Else, it may continue rallies for the day.

Aluminium Jan

Expect a choppy with mild negative bias trading as long as 206 caps the upside.

 

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