Commodity Intraday Technical Outlook 15 September 2022 - Geojit Financial Services Ltd
Gold LBMA Spot
Choppy with mild negative bias initially expected. A direct break below $1680 is a sign of major liquidation pressure.
Silver LBMA Spot
Intraday upticks are likely as long as the support of $18.50 remains undisturbed. Further liquidation is expected only a break of $17.40.
Crude Oil NYMEX
Inability to move past $91 there are chances of corrective selling pressure. A direct rise above the same would attract fresh rallies.
Gold KG Oct
A direct cling below the support of Rs 49800 liquidation pressure would continue the day. Inability to do so expect recovery upticks.
Silver KG Dec
Consistent trades above Rs 58000 would extend the ongoing rallies. Else, corrective selloffs are in the cards for the day.
Crude Oil Sep
Upside turnaround point is seen at Rs 7200 which needs to be cleared for continuation of rallies. Else, choppy trading is expected the day.
Natural Gas Sep
Bullish outlook remains intact as long s the support of Rs 660 hold downside. Further weakness is seen only a break of Rs 608.
Copper Sep
Inability to beak above Rs 670 there are potential selling pressure. However major support is placed at Rs 638.
Nickel Sep
Volume less trades inside Rs 1720-2250 levels likely to continue in near future.
Zinc Sep
A direct break of Rs 281 would extend weakness. Else, there are potential buying interest for the day.
Lead Sep
While prices stay above of Rs 178 mild positive bias is intact. Consistent trades below Rs 176 is a sign of weakness.
Aluminium Sep
Prices remains choppy inside Rs 204-198 and breaking any of the sides would suggest fresh directional moves.
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