09-09-2022 11:55 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 09 September 2022 - Geojit Financial Services Ltd
News By Tags | #473 #4943

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Gold LBMA Spot

Choppy trading expected initially. However, a direct break below $1680 would continue liquidation pressure

Silver LBMA Spot

Slight recovery expected initially. Further liquidation is expected only a break of $17.40.

Crude Oil NYMEX

Consistent trades above $91 expect recovery upticks. A direct break of $82 is a sign of major liquidation pressure

Gold KG Oct

Expect a choppy trade inside Rs 50800-48800 expected initially and breaking either the sides would suggest fresh directional moves.

Silver KG Nov

Upticks likely to extend as long as the support of Rs 52500 hold the downside. An unexpected drop below the same is a sing of weakness.

Crude Oil Sep

Prices remains choppy with mild negative bias initially. Upside turnaround point is seen at Rs 7200.

Natural Gas Sep

Inability to move past Rs 608 there are chances of recovery upticks. A direct break of which would trigger another round of liquidation

Copper Sep

Recovery upticks would continue initially for the day. Further selloffs are expected only a break Rs 628.

Nickel Sep

Volume less trades inside Rs 1720-2250 levels likely to continue in near future.

Zinc Sep

Recovery bias may continue the day. Further weakness is seen only a break of Rs 278.

Lead Sep

Choppy trading inside Rs 178-174 levels remains on the cards. Breaking any of the sides would suggest fresh directional moves.

Aluminium Sep

Consistent trades below Rs 198 would continue selloffs. Else, there are chances of recovery upticks.

 

 

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