Commodity Intraday Technical Outlook 12 December 2022 - Geojit Financial Services
Gold LBMA Spot
A direct break above $1810 would continue rallies. Else, expect a choppy with corrective selling pressure for the day.
Silver LBMA Spot
Recovery upticks may continue while prices stay above $22. A direct drop below $20.50 is a sign of selling pressure.
Crude Oil NYMEX
While prices stay below $74 weak bias to continue the day. Unexpected rise above the same would negate the view.
Gold KG Dec
As long as prices stay above Rs 53850 would continue rallies. A direct drop below Rs 53600 would trigger selling pressure.
Silver KG Feb
If unable to break the support of Rs 65000 expect upticks to continue the day. A direct dip below the same is a sign of weakness.
Crude Oil Dec
Weakness would continue while prices stay below Rs 6200. A direct turn above the same is a sign of recovery up move.
Natural Gas Dec
Expect rallies would continue as long as the support of Rs 502 remains undisturbed. A direct dip below the same is a weak signal.
Copper Dec
Inability to move past 712 there are chances of corrective selling pressure. A direct rise above the same would continue rallies.
Nickel Dec
There are chances of fresh buying interest in the counter. But it is expected a volume less trade near term.
Zinc Dec
Inability to move past Rs 288 there are chance of corrective selling pressure for the day.
Lead Dec
If Rs 187 remains caps the upside, expect corrective selling pressure. Else, it may continue rallies for the day.
Aluminium Dec
Prices remains congested inside Rs 220-213 levels and breaking any of the sides would suggest fresh direction for the day
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