Commodity Intraday Technical Outlook 17 March 2023 - Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Gold LBMA Spot
Prices remains choppy with mild positive bias initially. A direct drop below $1860 would extend corrective selling pressure.
LBMA Spot
Upticks likely to continue while prices stay above $21.40. An unexpected dip below $20 could negate the trend.
Crude Oil NYMEX
Inability to break the support of $65 expect a recovery upturn. A direct drop of which would extend selling pressure.
Gold KG Apr
Break above Rs 58500 would extend rallies. Inability to do so may see corrective selling pressure.
Silver KG May
Consistent trades above Rs 68000 is needed to extend buying pressure. Else, weak bias expected the day.
Crude Oil Mar
Weak bias may extend while prices stay below Rs 5800. A direct rise above Rs 6080 could negate the trend.
Natural Gas Mar
Prices remains congested inside Rs 202-216 levels and breaking any of the sides would suggest fresh directional moves.
Copper Mar
Further selloffs are seen only a break below Rs 740. If unable to break the support may see extension of rallies.
Nickel Mar
Expect choppy with thin volume trading in the near future.
Zinc Mar
Inability to break Rs 252 there are chances of recovery upticks for the day. Unexpected drop of which is a sign of liquidation.
Lead Mar
Breaking any of the sides of the congested levels of Rs 183.50-180 would suggest fresh directional moves.
Aluminium Mar
A direct drop below Rs 200 would trigger major liquidation pressure. Else, recovery upticks are expected the day.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
