Commodity Intraday Technical Outlook 06 January 2023 - Geojit Financial Services
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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