Commodity Intraday Technical Outlook 13 December 2022 - Geojit Financial Services
Gold LBMA Spot
It is required to break above $1810 to 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
As long as the support of $70 hold the downside, expect recovery upticks for the day. A direct dip below the same is a sign of liquidation.
Gold KG Dec
While 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
It is required to break and sustain above Rs 6200 to extend rallies. Else, choppy with mild negative bias is on the cards for the day.
Natural Gas Dec
While prices stays above Rs 530 there are potential upticks. Consistent trades below the support of Rs 502 is a sign of liquidation pressure.
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
While prices stays above Rs 288 buying interest would continue in the counter. Consistent trades below Rs 284 is a weak signal.
Lead Dec
If Rs 187 remains caps the upside, expect corrective selling pressure. Else, it may continue rallies for the day.
Aluminium Dec
Selling pressure likely to extend as long as Rs 215 caps the upside. Further rallies are expected only a break above Rs 219.
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