01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 19 December 2022 - Geojit Financial Services
News By Tags | #473 #4943

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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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