Commodity Intraday Technical Outlook 11 November 2022 - Geojit Financial Services
Gold LBMA Spot
Upticks likely to continue the day as long as prices stay above $1710. A direct dip below $1660 is a sign of weakens.
Silver LBMA Spot
Mild upticks can be seen while the support of $21 holds the downside. Major reversal point is placed at $18.80.
Crude Oil NYMEX
Expect a choppy trading inside $88-85 levels initially and breaking any of the sides would suggest fresh directional moves for the day.
Gold KG Dec
Recovery rallies may continue while prices stay above $50800. A direct drop of which is a sign of liquidation pressure.
Silver KG Dec
Prices may edge higher as the support of Rs 59800 hold the downside. An unexpected drop below Rs 58800 is a sign of weakness.
Crude Oil Nov
A direct rise above Rs 7200 would extend rallies. Else, there are chances of selling pressure for the day
Natural Gas Nov
Choppy trading expected while prices stay below the support of Rs 510. Further upticks expected only a break of Rs 540.
Copper Nov
Prices may edge higher as long as the support of Rs 668 remains undisturbed. A direct drop below Rs 655 is a sign of weakness.
Nickel Nov
Volume less trades inside Rs 1720-2250 levels likely to continue in near future.
Zinc Nov
Further weakness can be seen only a break of Rs 255. Inability to do so may see extension of rallies.
Lead Nov
A direct break above Rs 183 would extend rallies. Inability to do so may see corrective selling pressure.
Aluminium Nov
As long as the support of Rs 200 holds expect a mild upturn for the day. A direct fall of which is a liquidation signal.
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