01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 15 December 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Consistent trades above $1810 would continue rallies. Else, expect a choppy with corrective selling pressure for the day.

Silver LBMA Spot

Choppy with mild recovery upticks may continue while prices stay above $22. A direct drop below $20.50 is a sign of selling pressure.

Crude Oil NYMEX

Upticks may continue while the support of $70 remains undisturbed. A direct dip below the same is a sign of liquidation.

Gold KG Dec

Initial dips expected but if it remains hold the support of Rs 53850 would continue rallies. A direct drop below Rs 53600 would trigger selling pressure.

Silver KG Feb

Intraday bias likely to correct prices initially. But if it hold the support of Rs 65000 there are chance of a recovery later.

Crude Oil Dec

If pries remains held above Rs 6200 likely to extend rallies. Else, choppy with mild negative bias is on the cards for the day

Natural Gas Dec

If unable to move past Rs 582 there are chances of corrective selling pressure for the day. A direct rise above the same would trigger rallies.

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

If prices stays above Rs 288 buying interest would continue the day. Else, expect corrective selling pressure.

Lead Dec

If Rs 187 remains caps the upside, expect corrective selling pressure. Else, it may continue rallies for the day.

Aluminium Dec

It required to break above Rs 218 to continue rallies. Else, there are chances of selling pressure for the day.

 

 

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