12-09-2022 09:41 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 09 December 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Break above the resistance of $1800 would continue rallies. Anyhow, major selling pressure may seen only a consistent trades below the support of $1730.

Silver LBMA Spot

If the support of $20.50 remains hold, expect recovery upticks for the day. A direct fall below the same would continue selling pressure.

Crude Oil NYMEX

While prices stay below $74 weak bias to continue the day. Unexpected rise above the same would negate the view.

Gold KG Dec

As long as prices stay above Rs 53850 would continue rallies. A direct drop below Rs 53600 would trigger selling pressure.

Silver KG Feb

Recovery upticks would continue while prices stay above Rs 65000. Consistent trades below the samw is a weak signal.

Crude Oil Dec

While prices stay below Rs 6200 would extend weakness for the day. Inability to do the same may see recovery upticks.

Natural Gas Dec

Consistent trades below Rs 485 would trigger selling pressure. Else, it may continue upticks for the day.

Copper Dec

Upticks may continue while prices stay above Rs 707. However stiff support is placed at Rs 685.

Nickel Dec

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

Zinc Dec

As long as prices stay above Rs 282 likely to extend buying interest. Else, there are chances of weak bias.

Lead Dec

If prices stays above Rs 187 there are potential upside bias. A direct dip below Rs 182 is a weak signal.

Aluminium Dec

Expect a tight trade inside Rs 220-213 levels and breaking any of the sides would suggest fresh direction for the day.

 

 

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