Commodity Intraday Technical Outlook 20 December 2022 - Geojit Financial Services
Gold LBMA Spot
Braking and consistency above $1810 is needed to continue rallies. Else, expect a choppy with corrective selling pressure for the day.
Silver LBMA Spot
Choppy with mild recovery upticks may continue while prices stay above $22. A direct drop below $20.50 is a sign of selling pressure.
Crude Oil NYMEX
Recovery upticks are likely to persist while the support of $70 remains undisturbed. A direct dip below the same is a sign of liquidation.
Gold KG Dec
Choppy with recovery upticks expected initially. A direct drop below Rs 53600 would trigger selling pressure.
Silver KG Feb
As long as prices stay above the support of Rs 65000 there are chance of a recovery upticks. A direct drop of which is a sign of liquidation.
Crude Oil Dec
If pries remains held above Rs 6200 likely to extend rallies. Else, choppy with mild negative bias is on the cards for the day.
Natural Gas Dec
Likely to extend the selling pressure if prices are unable to break and sustain above Rs 520.
Copper Dec
There are chances of fresh buying interest in the counter. But it is expected a volume less trade near term.
Nickel Dec
As long as the support of Rs 268 remains undisturbed, expect recovery upticks for the day. Else, it may continue liquidation pressure.
Zinc Dec
Prices remains rangebound inside Rs 188-182 levels and breaking any of the sides would suggest fresh directions 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
Sustained trades above Rs 212 would extend rallies. Else, corrective selling pressure is on the cards for the day.
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