01-09-2023 10:11 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 09 January 2023 - Geojit Financial Services
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Gold LBMA Spot

Expect upticks to continue while the support of $1825 remains hold the downside. A direct drop of which may correct prices lower.

Silver LBMA Spot

Expect a choppy with mild positive bias trading initially. A direct break below $23 is a sign of downside reversal.

Crude Oil NYMEX

If the support of $72 remains hold, expect recovery upticks for the day. Consistency below the same is a sign of liquidation.

Gold KG Feb

As long as prices stay above Rs 55400 expect bullish outlook to continue the day. Break below Rs 54300 is a sign of weakness.

Silver KG Mar

A direct break above Rs 70000 is needed to continue upticks. Else, expect choppy trading for the day.

Crude Oil Jan

As long as the support of Rs 6100 holds downside, expect slight recovery upticks for the day. A direct drop of which is a weak sign.

Natural Gas Jan

Choppy with mild recovery upticks expected as long as Rs 315 remains hold the downside. Fall below Rs 310 would extend weakness.

Copper Jan

Expect recovery upticks while the support Rs 720 hold the downside.

Nickel Jan

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

Zinc Jan

If the support of Rs 266 holds, expect recovery upticks. A direct drop of which is a liquidation sign.

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 trade inside Rs 200-208 levels and breaking any of the sides would suggest fresh directional moves.

 

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