12-08-2022 09:50 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 08 December 2022 - Geojit Financial Services
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Gold LBMA Spot

Upticks unlikely to continue unless breaking the resistance of $1800. However, major selling pressure may seen only a break of the stiff support of $1730.

Silver LBMA Spot

While prices stays above $20.50 expect choppy with mild upticks for the day. A direct fall below the same would continue selling pressure.

Crude Oil NYMEX

If prices stay below the support of $74 expect liquidation pressure would continue in the counter. A direct break above $82 would negate the view.

Gold KG Dec

Consistent trades above Rs 53850 would extend buying interest . Else, there are chances of corrective selling pressure.

Silver KG Feb

As long as Rs 65000 hold the downside, expect upticks to continue in the counter. A direct drop of which would trigger liquidation pressure.

Crude Oil Dec

While prices stay below the support of Rs 6100 would extend weakness for the day. Inability to do the same may see recovery upticks.

Natural Gas Dec

Recovery upticks would continue while prices stay above Rs 452. Unexpected drop of which is a weak sign.

Copper Dec

Expect a mild recovery in prices as long as the support of Rs 690 remain undisturbed. A direct drop of the same is a weak signal.

Nickel Dec

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

Zinc Dec

Rallies would continue while prices stay above Rs 280. A direct dip below Rs 275 is a short term weak signal.

Lead Dec

While prices stays above Rs 185 there are potential upside bias. A direct dip below Rs 182 is a weak signal.

Aluminium Dec

Breaking the stiff resistance of Rs 220 is needed to continue rallies. Else, there are chances of selling pressure for the day.

 

 

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