Commodity Intraday Technical Outlook 19 January 2023 - Geojit Financial Services
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Gold LBMA
Spot A direct break below $1890 is likely to extend weak bias. Else, there are chances of recover upticks.
Silver LBMA
Spot Choppy with mild negative bias 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 Further upticks can be seen only above Rs 6600. If unable to break the same may see corrective selling pressure for the day.
Natural Gas Jan
Negative bias likely to extend as long as prices stay below Rs 290. Consistent trades above Rs 315 would trigger fresh rallies.
Copper Jan
Corrective selloffs are on the cards while prices stay below Rs 775. consistent trades above Rs 785 would extend rallies.
Nickel Jan
Expect choppy with thin volume trading in the near future.
Zinc Jan
It is required to break above Rs 293 to extend rallies. Else, choppy with negative bias trading expected the day.
Lead Jan
Sustained trades above Rs 192 expect recovery rallies. Else, there are chances of selling pressure.
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