Commodity Intraday Technical Outlook 08 February 2023 - Geojit Financial Services
Gold LBMA Spot
Choppy trading expected initially. Anyhow, prices needs to stabilize above $1900 to continue upticks.
Silver LBMA Spot
Mild recovery upticks can be seen initially. However, it needs to stabilize above $24.50 to trigger major rallies.
Crude Oil NYMEX
A direct break above $78 is needed to continue rallies. Else, expect choppy with corrective selling pressure for the day.
Crude Oil NYMEX
A direct break above $78 is needed to continue rallies. Else, expect choppy with corrective selling pressure for the day.
Gold KG Apr
Expect a congested trade inside Rs 57800-56200 levels and breaking any of the sides would suggest fresh directional moves.
Silver KG Mar
A direct break below Rs 66500 would continue selling pressure. Break above Rs 71000 is a sign of reversal.
Crude Oil Feb
Consistent trades above Rs 6350 may extend recovery upticks. Else, there are chances of corrective selling for the day.
Natural Gas Feb
It is required to stabilise above Rs 222 to extend buying interest. Else, choppy with mild negative bias is on the cards.
Copper Feb
Break above Rs 780 likely to see extension of buying interest. Else, choppy with mild negative bias expected the day.
Nickel Feb
Expect choppy with thin volume trading in the near future.
Zinc Feb
As long as prices stay below Rs 290 expect selling pressure to continue the day.
Lead Feb
Choppy with mild negative bias expected as long as prices stay below Rs 189.
Aluminium Feb
Break below the support of Rs 218 would extend selling pressure. Else, there are chances of mild recovery upticks.
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