Commodity Intraday Technical Outlook 14 December 2022 - Geojit Financial Services
Gold LBMA Spot
Consistent trades 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 the support of $70 remains undisturbed, expect recovery upticks for the day. A direct dip below the same is a sign of liquidation.
Gold KG Dec
Expect upticks to continue while prices stay above Rs 53850. A direct drop below Rs 53600 would trigger selling pressure.
Silver KG Feb
Buying interest likely to persist as long as the support of Rs 65000 hold the downside. A direct dip below the same is a sign of weakness.
Crude Oil Dec
While pries stay above Rs 6200 likely to extend rallies. Else, choppy with mild negative bias is on the cards for the day.
Natural Gas Dec
Choppy trading expected initially. Breaking either the sides of Rs 582-535 would suggest fresh short term directions.
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
Inability to move past the support of Rs 210 there are chances of recovery upticks for the day. A direct dip below the same is a weak signal.
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