Commodity Intraday Technical Outlook 14 March 2023 - Geojit Financial Services
Gold LBMA Spot
Intraday sentiments likely to be on the higher sides as long as prices stay above $1900. A direct drop below $1800 is a sing of weakness.
LBMA Spot
While prices stay above $21.40 intraday momentum mostly on the positive side. A direct dip below $20 could negate the trend.
Crude Oil NYMEX
A direct break of $72 is required to trigger selling pressure. Else, choppy trading expected the day.
Gold KG Apr
Rallies would continue while prices stay above Rs 57000. Further liquidation is seen only a break below Rs 54800.
Silver KG May
As long as prices stay above Rs 65000 intraday momentum likely to be on the positive side. Consistent trades below the same would trigger selling pressure.
Crude Oil Mar
Breaking the resistance of Rs 6400 is required to trigger recovery rallies. Else, negative outlook remains in the cards.
Natural Gas Mar
If unable to break the support of Rs 200 recovery upticks would continue the day. A direct dip below the same would trigger selling pressure.
Copper Mar
Consistent trades above Rs 765 is required to trigger fresh rallies. Else, expect a choppy trading session for the day.
Nickel Mar
Expect choppy with thin volume trading in the near future.
Zinc Mar
Consistent trades above Rs 262 would extend rallies. Else, choppy with corrective selling pressure is on the cards.
Lead Mar
Prices most likely to be choppy inside Rs 183.50-180 levels and braking any of the sides would suggest fresh directional moves.
Aluminium Mar
If the support of Rs 200 remains holds, expect recovery rallies. A direct break of which would trigger liquidation pressure.
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