Commodity Intraday Technical Outlook 15 November 2022 - Geojit Financial Services
Gold LBMA Spot
Upticks likely to continue the day while prices stay above $1710. A direct dip below $1660 is a sign of weakens.
Silver LBMA Spot
As long as prices stay above $20 rallies would continue the day. A direct drop below the same would trigger selling pressure
Crude Oil NYMEX
Prices most likely choppy inside $93-86 levels and breaking any of the sides would suggest fresh directional moves for the day.
Gold KG Dec
Rallies may continue but stiff resistance is seen at Rs 53000. A direct break of which likely to extend buying pressure. Else, prices may edge down for the day.
Silver KG Dec
A direct break above Rs 63000 would extend rallies. If unable to do so may see corrective selling pressure for the day
Crude Oil Nov
Consistent trades above Rs 7200 is needed to extend rallies. Else, there are chances of selling pressure for the day.
Natural Gas Nov
Intraday trend remains choppy inside R520-485 levels and breaking any of the sides would suggest fresh directions for the day.
Copper Nov
Corrective selling process is likely if the resistance of Rs 710 remains caps the upside.
Nickel Nov
Volume less trades inside Rs 1720-2250 levels likely to continue in near future.
Zinc Nov
Buying pressure would continue while prices stay above Rs 270. A direct drop below Rs 255 is a sign of weakness.
Lead Nov
While prices stay above Rs 183 would extend rallies. Inability to do so may see corrective selling pressure.
Aluminium Nov
Upticks can be seen only a break above Rs 212. Inability to break the same would trigger selling pressure.
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