Commodity Intraday Technical Outlook 18 November 2022 - Geojit Financial Services
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Gold LBMA Spot
Prices remains held choppy with mild negative. A direct break above the resistance of $1780 would trigger rallies. Major support is placed at $1680.
Silver LBMA Spot
There are chances of corrective selling would continue as long as $22 caps the upside. A direct rise above is a sign of further rallies.
Crude Oil NYMEX
As long as prices stay below the stiff support of $84 there are chances of continuation of selling pressure. A direct turn above $88 is a reversal signal.
Gold KG Dec
It is required to break and sustain above Rs 53000 to extend rallies. Else, there are chances of corrective selling for the day.
Silver KG Dec
Inability to break Rs 63000 there are chances of corrective selling pressure. Anyhow major support is placed at Rs 60000.
Crude Oil Nov
Expect weak bias to continue while prices stay below the stiff support of Rs 6800. However consistent trades above Rs 6920 is a sign of reversal.
Natural Gas Nov
A direct rise above Rs 540 would extend rallies. Else, intraday bias most likely to be choppy with mild negative.
Copper Nov
Corrective selloffs are likely as long as the resistance of Rs 690 caps the upside. Major support is placed at Rs 668.
Nickel Nov
There are chances of fresh buying interest in the counter. But it is expected a volume less trade near term.
Zinc Nov
Recovery upticks can be seen if the support of Rs 265 remain undisturbed. A direct drop below Rs 255 is a sign of weakness.
Lead Nov
Expect a choppy trade initially. However, as long as prices stay above Rs 183 there are chances of an uptick in near future.
Aluminium Nov
There are chances of recovery upticks as long as the support of Rs 205 hold the downside. A direct drop of which would liquidate prices further.
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