03-01-2023 10:03 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 1 March 2023 - Geojit Financial Services
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Gold LBMA Spot

A direct break above $1845 would push prices higher. Else, likely to extend weakness in the counter.

Silver LBMA Spot

A mild recovery upticks can be seen while prices stay above $20. Anyhow major turn around point is seen at $22.50.

Crude Oil NYMEX

If unable to break the support of $74 intraday momentum likely to be on the positive side. Anyhow stiff resistance is placed at $79.

Gold KG Apr

Recovery upticks can be seen initially but it has to break and sustain above Rs 56600 to extend the momentum.

Silver KG Mar

It is required to sustain above Rs 66000 to trigger fresh rallies. Else, choppy trend remains on the cards.

Crude Oil Mar

As long as the support of Rs 6150 hold, expect recovery upticks to continue the day. Inability to do so may extend weak bias.

Natural Gas Mar

Recovery rallies are possible as longas the support of Rs 198 remains undisturbed. Consistent trades below Rs 186 is a sign of weakness.

Copper Mar

Expect a volatile trade inside Rs 778-752 levels and breaking either sides would suggest fresh directional moves.

Nickel Mar

Expect choppy with thin volume trading in the near future.

Zinc Mar

A mild recovery upturn expected as long as Rs 264 restrict further downsides. A direct break above Rs 275 is needed to trigger rallies.

Lead Mar

Corrective selling pressure would continue as long as Rs 186 caps the upside.

Aluminium Mar

As long as the support of Rs 205 remains undisturbed expect recovery upticks. A direct fall of while would trigger another round of liquidation.

 

 

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