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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 13 September 2022 - Geojit Financial Services Ltd
News By Tags | #473 #4943

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Gold LBMA Spot

Upticks likely to continue as long as the support of $1720 remains hold the downside. A direct break below $1680 would extend liquidation pressure.

Silver LBMA Spot

Recovery momentum may continue if prices are unable to break the support of $18.50. Further liquidation is expected only a break of $17.40.

Crude Oil NYMEX

Choppy with mild positive bias expected but it needs to break above $91 to continue the momentum. Major downside reversal point is placed at $82.

Gold KG Oct

If the support of Rs 49800 remains undisturbed expect recovery upticks for the day.

Silver KG Nov

Initial dips expected but buying interest may continue if the support of Rs 56000 remain hold downside. Major downside reversal point is seen at Rs 52500.

Crude Oil Sep

Choppy trading expected initially. However upside turnaround point is seen at Rs 7200.

Natural Gas Sep

Recovery upticks may be seen as long as the support of Rs 608 remains undisturbed. A direct break of which would trigger another round of liquidation.

Copper Sep

Inability to break the support of Rs 648 there are chances of recovery upticks. Further selloffs are expected only a break Rs 628.

Nickel Sep

Volume less trades inside Rs 1720-2250 levels likely to continue in near future.

Zinc Sep

If unable to break above Rs 288 expect corrective selling pressure for the day. A direct rise above Rs 292 is sign of recovery upticks.

Lead Sep

As prices cleared the resistance of Rs 178 there more potential upside the day. Downside reversal point is seen at Rs 174.

Aluminium Sep

A direct dip below Rs 198 would extend weakness. Else, there are chances of recovery upticks for the day.

 

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