Commodity Intraday Technical Outlook 15 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
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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