Commodity Intraday Technical Outlook 09 November 2022 - Geojit Financial Services
Gold LBMA Spot
Recovery upticks likely to continue the day as long as prices stay above $1640. A direct dip below $1610 is a sign of short term weakens.
Silver LBMA Spot
Intraday bias remains on the positive side while prices stay above $19.50. Further weakness is seen only a break of $18.80.
Crude Oil NYMEX
Prices remains congested inside $93-87 levels and breaking any of the sides would suggest fresh directional moves.
Gold KG Dec
Inability to break the support of Rs 50000 expect upticks for the day. An unexpected drop of which would trigger weakness.
Silver KG Dec
If unable to break the support of Rs 58800 intraday bias mostly on the higher side. A direct dip below the same would trigger liquidation.
Crude Oil Nov
While prices stay above Rs 7200 there are chances of continuation of upticks. A direct drop below Rs 7020 would trigger selling pressure.
Natural Gas Nov
Corrective selloffs are likely as prices held below the support of Rs 510. Further upticks expected only a break of Rs 540.
Copper Nov
Recovery momentum may continue while prices sustain above Rs 665. An unexpected drop below Rs 650 is a bearish signal.
Nickel Nov
Volume less trades inside Rs 1720-2250 levels likely to continue in near future.
Zinc Nov
Sustained traded above Rs 260 expect recovery upticks for the day. A direct fall below Rs 255 is a short term weak signal.
Lead Nov
A direct break above Rs 183 would extend rallies. Inability to do so may see corrective selling pressure.
Aluminium Nov
As long as the support of Rs 200 hold the downside, expect recovery upticks for the day. Major liquidation pressure is seen only a fall below Rs 195.
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