Commodity Intraday Technical Outlook 19 December 2022 - Geojit Financial Services
Gold LBMA Spot
It required to break above $1810 to continue rallies. Else, expect a choppy with corrective selling pressure for the day.
Silver LBMA Spot
Consistent trades above $23.80 could continue rallies for the day. Else, there are chances of mild selling pressure on cards.
Crude Oil NYMEX
Recovery rallies may continue while prices stay above $74. A direct dip below $70 is a sign of weakness for the day.
Gold KG Dec
Inability to break the support of Rs 53850 would continue rallies. A direct drop below Rs 53600 would trigger selling pressure.
Silver KG Feb
Recovery upturn is expected as long as the support of Rs 66500 hold the downside. A direct drop of which is a weak signal.
Crude Oil Dec
If unable to break Rs 6200 would trigger recovery rallies. For the day. A direct drop of Rs 6000 would trigger selling pressure.
Natural Gas Dec
Expect weak bias to continue the day while Rs 570 caps upside. A direct lift above the same would tigger rallies.
Copper Dec
Mild recovery bias expected if prices are unable to break the support of Rs 707.
Nickel Dec
There are chances of fresh buying interest in the counter. But it is expected a volume less trade near term.
Zinc Dec
Choppy trading inside Rs 280-268 expected and breaking any of the sides would suggest fresh direction for the day.
Lead Dec
If Rs 187 remains caps the upside, expect corrective selling pressure. Else, it may continue rallies for the day
Aluminium Dec
It required to break above Rs 213 for the day to trigger rallies. Else, expect corrective selling pressure.
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