Commodity Intraday Technical Outlook 10 March 2023 - Geojit Financial Services
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Gold LBMA Spot
Break above $1845 expect recovery rallies. Else, it may continue with weak bias for the day.
LBMA Spot
It is required to turn above $21.40 to extend recover upticks. Else, weak bias remains on the cards.
Crude Oil NYMEX
A fall below the support of $75 would extend selling pressure. Otherwise there are chances of mild recovery rally for the day.
Gold KG Apr
Further liquidation is seen only a break below Rs 54800. Inability to do so may see recovery upticks.
Silver KG May
Upside turnaround around point is placed at Rs 65000. If unable to break the same it may continue weakness.
Crude Oil Mar
Breaking the resistance of Rs 6400 is required to trigger recovery rallies. Else, negative outlook remains in the cards.
Natural Gas Mar
Expect a choppy trading initially but it required to break above Rs 222 to trigger fresh short covering rallies.
Copper Mar
Inability to move past Rs 765 expect selling pressure to continue the day. A direct rise above Rs 780 would lift prices higher.
Nickel Mar
Expect choppy with thin volume trading in the near future.
Zinc Mar
Further selloffs are seen only a break of Rs 260. Else, there are chances of a recovery upticks for the day.
Lead Mar
As long as prices stay below Rs 186 likely to extend selling pressure.
Aluminium Mar
Intraday bias remains on the weaker side as long as prices stay below Rs 208. A direct rise above Rs 212 is needed to negate the present weak outlook.
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