Commodity Intraday Technical Outlook 10 January 2023 - Geojit Financial Services
Gold LBMA Spot
Upticks likely to continue while the support of $1825 remains hold the downside. A direct drop of which may correct prices lower.
Silver LBMA Spot
Prices remains range bound inside $23-24.50 levels and breaking any of the sides would suggest fresh directional moves.
Crude Oil NYMEX
Mild positive bias likely to continue while the support of $72 remains undisturbed. Consistency below the same is a sign of liquidation.
Gold KG Feb
While prices stay above Rs 55400 expect bullish outlook to continue the day. Break below Rs 54300 is a sign of weakness.
Silver KG Mar
Consistent trades above Rs 70000 is required to continue upticks for the day. Unexpected break below Rs 68000 is a sign of weakness.
Crude Oil Jan
If the support of Rs 6100 holds downside, expect slight recovery upticks for the day. A direct drop of which is a weak sign.
Natural Gas Jan
Recovery upticks may continue while the support of Rs 315 remains hold the downside. Fall below Rs 310 would extend weakness.
Copper Jan
Bullish outlook may continue as long as the support of Rs 740 hold the downside. Unexpected drop below Rs 720 is a sign of weakness.
Nickel Jan
Expect choppy with thin volume trading in the near future
Zinc Jan
Bullish rallies may continue while the support of Rs Rs 266 remain undisturbed. A direct drop of which would trigger liquidation pressure.
Lead Jan
Consistent trades above Rs 190 would extend weakness. Else, there are chances of selling pressure.
Aluminium Jan
As prices cleared the resistance of Rs 208 expect recovery rallies for the day. A close below Rs 200 is a sign of liquidation pressure.
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