Commodity Intraday Technical Outlook 13 October 2022 - Geojit Financial Services
Gold LBMA Spot
Consistent trades below $1660 would extend the selling pressure. A direct rise above $1730 would negate the trend.
Silver LBMA Spot
If unable to break the support of $18.50 there are chances of recovery upticks. Else, it may extend weakness for the day.
Crude Oil NYMEX
Break below the support of $86 may see extension of weakness. Else, an upside turnaround is possible for the day.
Gold KG Dec
If prices remains stays below Rs 51500 weak bias to continue the day. A direct rise above would negate the trend.
Silver KG Dec
Weak bias likely to extend as long as prices stay below Rs 59200. Further rallies are seen only a break above Rs 62000.
Crude Oil Oct
Recovery upticks would continue if prices stay above Rs 7150. A direct drop of the same is a weak signal.
Natural Gas Oct
Expect a choppy trade inside Rs 525-560 levels initially and breaking any of the sides would suggest fresh directional moves for the day.
Copper Oct
Expect a choppy trade inside Rs 525-560 levels initially and breaking any of the sides would suggest fresh directional moves for the day.
Nickel Oct
Volume less trades inside Rs 1720-2250 levels likely to continue in near future.
Zinc Oct
While below Rs 274 may extend selling pressure. A direct rise above Rs 278 likely to negate the view.
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
A direct rise above Rs 210 would extend rallies. Inability to so may extend weakness.
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