01-10-2023 12:37 PM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 10 January 2023 - Geojit Financial Services
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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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