Commodity Intraday Technical Outlook 13 February 2023 - Geojit Financial Services
Gold LBMA Spot
Choppy with mild negative bias is on the cards for the day. A direct lift above $1900 would trigger rallies.
Silver LBMA Spot
Weak bias to continue initially. A direct turn above $22.50 would take prices higher.
Crude Oil NYMEX
Consistent trades above $82 is needed to continue rallies. Else, corrective selloffs would extend the day.
Gold KG Apr
If unable to break the support of Rs56200 there are chances of recovery upticks. A direct break of the same would extend liquidation pressure.
Silver KG Mar
If unable to break above Rs 68000 expect selling pressure to continue the day. An unexpected rise above the same would trigger rallies.
Crude Oil Feb
Break above Rs 6750 is needed to extend rallies. Else, corrective selling pressure is on the cards for the day.
Natural Gas Feb
Breaking the support of Rs 198 is needed to extend liquidation pressure. Else, would see recovery upticks.
Copper Feb
Corrective selloffs are likely if prices are unable to move past 782.
Nickel Feb
Expect choppy with thin volume trading in the near future.
Zinc Feb
While prices stay below the support of Rs 272 expect selling pressure to continue the day. A direct rise above Rs 285 is a sign of reversal.
Lead Feb
Corrective selling pressure would continue as long as Rs186 caps the upside.
Aluminium Feb
Prices most likely congested inside Rs 220-214 levels and breaking any of the sides would suggest fresh short term directions.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer