Commodity Intraday Technical Outlook 10 February 2023 - Geojit Financial Services
Gold LBMA Spot
If unable to break above $1900 would extend selling pressure. A direct rise above the same would extend rallies.
Silver LBMA Spot
Choppy with mild negative bias expected. A direct turn above $22.50 would take prices higher.
Crude Oil NYMEX
Expect a range bound with mild positive bias trading while prices stay above $76. A direct dip below the same would trigger weakness.
Gold KG Apr
Break below Rs56200 would trigger further selling pressure. Else, expect a slight recovery upticks.
Silver KG Mar
A direct break below Rs 66500 would continue selling pressure. Break above Rs 71000 is a sign of reversal.
Crude Oil Feb
Break above Rs 6500 is needed to extend rallies. Else, corrective selling pressure is on the cards for the day.
Natural Gas Feb
It is required to stabilise above Rs 222 to extend buying interest. Else, a choppy trading is on the cards.
Copper Feb
Corrective selloffs are likely if prices are unable to move past 782.
Nickel Feb
Zinc Feb
Expect a congested trade inside Rs 285-272 levels and breaking either side would suggest fresh directions.
Lead Feb
Choppy with mild negative bias expected as long as prices stay below Rs 189.
Aluminium Feb
Inability to trade above Rs 222 there are chances of corrective selling pressure to extend the day.
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