Commodity Intraday Technical Outlook 09 September 2022 - Geojit Financial Services Ltd
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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