Commodity Intraday Technical Outlook 15 March 2023 - Geojit Financial Services
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Gold LBMA Spot
Gold LBMA Spot Mild upticks expected as long as prices stay above $1900. A direct drop below $1860 is a sing of weakness.
Silver LBMA Spot
Silver LBMA Spot Recovery upticks are on the cards while prices stay above $21.40. An unexpected dip below $20 could negate the trend.
Crude Oil
Crude Oil NYMEX A direct break of $70 would trigger major liquidation. Else, expect a choppy with mild upticks for the day.
Gold KG Apr
Intraday momentum likely to be choppy with mild upside while prices stay above Rs 57000. Further liquidation is seen only a break below Rs 54800.
Silver KG Mar
Silver KG Mar Upticks may continue if the support of Rs 65000 remains undisturbed. Consistent trades below the same would trigger selling pressure.
Crude Oil Mar
Crude Oil Mar As long as prices stay below Rs 6000 expect weak bias to continue the day. Upside turnaround point is placed at Rs 6400.
Natural Gas Mar
Natural Gas Mar Choppy trading expected initially. However inability to move past Rs 200 major selling pressure is unlikely in the commodity.
Copper Mar
Copper Mar Consistent trades above Rs 765 is required to trigger fresh rallies. Else, expect a choppy trading session for the day.
Nickel Mar
Nickel Mar Expect choppy with thin volume trading in the near future.
Zinc Mar
Zinc Mar Choppy trading inside Rs 262-257 expected initially and breaking any of the sides would suggest fresh directions for the day.
Lead Mar
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
Aluminium Mar Most likely prices may continue with mild positive bias as long as the support of Rs 200 remains undisturbed. Break of which is a sign of liquidation.
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