Commodity Intraday Technical Outlook 08 September 2022 - Geojit Financial Services Ltd
Gold LBMA Spot
A direct break below $1680 would continue liquidation pressure. Else, there are chances of mild recovery upticks.
Silver LBMA Spot
Broad outlook remains on the weaker side. However inability to break the support of $17.40 there are chances of recovery upticks
Crude Oil NYMEX
Weak bias may continue as long as prices stay below the $88. Meanwhile, upside turnaround is expected only a break above $91.
Gold KG Oct
As long as prices stay above Rs 49950 it may continue recovery upticks. However, a direct drop below the same would trigger liquidation pressure.
Silver KG Nov
Recovery bias to continue while prices stay above Rs 52500. A direct drop below the same is a sing of weakness.
Crude Oil Sep
While prices stays below Rs 6800 it may continue with weak bias. Upside turnaround point is seen at Rs 7200.
Natural Gas Sep
A direct break of Rs 608 would extend liquidation pressure. Else, there are chances of recovery upticks
Copper Sep
If unable to move past Rs 628 upturn is expected the day. However, direct break of the same would extend liquidation pressure.
Nickel Sep
Volume less trades inside Rs 1720-2250 levels likely to continue in near future.
Zinc Sep
Further weakness is seen only a break of Rs 278. Else, there are chances of recovery upticks for the day.
Lead Sep
Expect a choppy trade inside Rs 178-174 levels and breaking any of the sides would suggest fresh directional moves for the day.
Aluminium Sep
Choppy with mild negative bias remains on the cards. However, a direct turn above Rs 202 is a sing of recovery upticks.
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