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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 17 August 2022 - Geojit Financial Services
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Gold LBMA Spot

Inability to break the support of $1770 there are chances of a mild recovery initially. However, a direct fall below the same would trigger major liquidation.

Silver LBMA Spot

Upticks expected only a break above $21. Else, intraday moves likely to be on the downside.

Crude Oil NYMEX

Liquidation pressure would continue if prices sustain below $88. However, consistent trades above $93 would trigger recovery rallies.

Gold KG Oct

Weak bias may continue as long as prices stay below Rs 52700. Recovery rallies would seen only a break of the same.

Silver KG Sep

Consistent trades below the stiff support of Rs 57200 would trigger sharp liquidation pressure. Else, choppy trading expected the day.

Crude Oil Aug

Weak bias would continue as long as prices stay below the support of Rs 6900. Break above Rs 7500 is a upside turnaround point.

Natural Gas Aug

Prices remain bullish while it says above Rs 690. Meanwhile, consistent trades below Rs 650 is a sign of weakness.

Copper Aug

Choppy with corrective selloffs expected initially. However, a direct turn above Rs 680 is a sing of recovery uptick.

Nickel Aug

Volume less trades inside Rs 1880-2400 levels likely to continue in near future.

Zinc Aug

There are chances of mild uptick if it remain hold the support of Rs 318. However, a direct turn below Rs 308 is a sign of weakness.

Lead Aug

Choppy with mild positive bias expected initially. Consistent trades below Rs 182 is a sing of weakness.

Aluminium Aug

Prices remain range bound with mild negative bias initially. Unexpected rallies above Rs 215 is a sign of recovery rallies.

 

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