Commodity Intraday Technical Outlook 14 February 2023 - Geojit Financial Services
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Gold LBMA Spot
Sustained trades below $1880 likely to extend weakness in the counter. A direct rise above $1900 would negate the view.
Silver LBMA Spot
Choppy with weak bias to continue initially. A direct turn above $22.50 would take prices higher.
Crude Oil NYMEX
Expect a tight range trade inside $81-77 levels initially and breaking either side would suggest fresh directional moves for 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
Selling pressure may continue if prices are unable to break above Rs 68000. 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, expect a choppy trades with mild 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
Liquidation pressure may continue while prices stay below Rs 272. A direct turn above Rs 285 would trigger rallies. Lead Feb Corrective selling pressure would continue as long as Rs186 caps the upside.
Aluminium Feb
While prices stay below Rs 214 it may continue weakness. A direct rise above Rs 220 is a sign of recovery upticks.
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