Commodity Intraday Technical Outlook 10 October 2022 - Geojit Financial Services
Gold LBMA Spot
Initial dips expected but it may find support near $1660 and trigger recovery upticks. A direct drop below Rs 1610 is a sign of weakness.
Silver LBMA Spot
Dips to $19.50 likely to hold the downside and consolidate initially. Inability to move past the same would trigger recovery upticks.
Crude Oil NYMEX
A direct rise above $94 would continue upticks. Else, there are chances of corrective selling pressure for the day.
Gold KG Dec
While prices stay above Rs 50500 buying interest may continue the day. An unexpected fall below Rs 49800 is a sign of weakness.
Silver KG Dec
It needs to break and sustain above Rs 62000 to continue rallies. Else, there are chances of corrective selling pressure for the day.
Crude Oil Oct
Recovery upticks would continue if prices stay above Rs 7200. A direct drop of the same is a weak signal.
Natural Gas Oct
Prices remains choppy inside Rs 595-530 levels and breaking either the sides would suggest fresh directional moves for the day.
Copper Oct
Consistent trades above Rs 660 would extend upticks. Else, choppy with mild negative bias expected the day.
Nickel Oct
Volume less trades inside Rs 1720-2250 levels likely to continue in near future.
Zinc Oct
Further rallies are expected only a break of Rs 284. Inability to do so may see corrective selling pressure.
Lead Oct
Expect weak bias as long as the resistance of Rs 184 caps the upside.
Aluminium Oct
Corrective selloffs are likely while prices stay above Rs 208. A direct rise above Rs 210 would trigger fresh rallies.
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