01-01-1970 12:00 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 18 January 2023 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Inability to move past $1900 there are chances of recovery upticks. However it needs to clear $1925 to strengthen the momentum.

Silver LBMA Spot

Choppy trading expected initially. A direct break above $24.50 would trigger fresh rallies.

Crude Oil NYMEX

Further rallies are expected only a break above $81. Inability to do so may see slight liquidation pressure.

Gold KG Feb

A direct break above Rs 56600 would extend buying interest. Else, corrective selling pressure are likely for the day.

Silver KG Mar

Sustained trades above Rs 70000 is required to continue upticks for the day. A direct dip below Rs 68000 is a sign of weakness.

Crude Oil Jan

A direct break below the support of Rs 6300 there are chances of extending selling offs. Else, recovery bias is on the cards

Natural Gas Jan

Choppy with mild negative bias expected the day. Consistent trades above Rs 315 would trigger fresh rallies.

Copper Jan

Break above Rs 775 may see further rallies in the counter. Else, choppy with mild negative bias is on the cards for the day

Nickel Jan

Expect choppy with thin volume trading in the near future.

Zinc Jan

Outlook remains on the bullish side while prices stay above Rs 282. A direct drop of which would trigger liquidation pressure.

Lead Jan

Sustained trades above Rs 192 expect recovery rallies. Else, there are chances of selling pressure.

Aluminium Jan

Prices remain stay positive as long as Rs 218 hold the downside. A direct dip below Rs 210 would trigger liquidation pressure.

 

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