Commodity Intraday Technical Outlook 11 October 2022 - Geojit Financial Services
Gold LBMA Spot
Weakness may continue initially. Consistent trade below $1660 would extend the selling pressure. A direct rise above $1730 would negate the trend.
Silver LBMA Spot
Dips below $19.50 may extend the downside pressure. It needs to break above $20.50 to trigger recovery upticks.
Crude Oil NYMEX
Support of $90 if hold expect recovery upticks. Else, there are chances of corrective selling pressure for the day.
Gold KG Dec
Choppy with mild negative bias expected as long as prices stay below Rs 51500. A direct rise above would negate the trend.
Silver KG Dec
Further rallies are seen only a break above Rs 62000. Inability to do so may see corrective selling pressure.
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
Consistent trades below Rs 540 prices would liquidate further. Inability to do so may see recovery upticks for the day.
Copper Oct
Outlook continue to be on the positives side as long as prices stay above Rs 650. A direct drop of which may see corrective selling pressure.
Nickel Oct
Volume less trades inside Rs 1720-2250 levels likely to continue in near future.
Zinc Oct
If the support to of Rs 274 remains hold expect recovery upticks. Else, may see continuation of weakness for the day.
Lead Oct
Prices remains inside the range of Rs 183-175 levels and breaking any of the sides would suggest fresh direction for the day.
Aluminium Oct
Major support is placed at Rs 200. If prices hold the same expect recovery upticks. Else, there are chances of liquidation pressure to continue the day.
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