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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 20 February 2023 - Geojit Financial Services
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Gold LBMA Spot

As long as prices stay below $1860 likely to extend weakness in the counter. A direct rise above $1900 would negate the view.

Silver LBMA Spot

Intraday sentiment probably choppy with mild negative bias. A direct turn above $22.50 would negate the view and trigger rallies.

Crude Oil NYMEX

Pullback rallies can be seen only if prices consistently trades above $78. A direct dip below $74 would extend weakness.

Gold KG Apr

Prices remains choppy initially. However, a direct break above Rs 56600 may extend the buying momentum.

Silver KG Mar

Selling pressure may continue if prices are unable to break above Rs 68000. A direct rise above the same would trigger fresh recovery rallies.

Crude Oil Mar

A direct turn above Rs 6400 there are chances of recovery upticks. Inability to do so may extend weak bias.

Natural Gas Feb

Bearish momentum would continue as long as prices stay below Rs 194. It has to break above Rs 215 to negate the momentum and take prices higher.

Copper Feb

If unable to move past Rs 776 expect selling pressure initially. A direct fall below Rs 760 would extend weakness.

Nickel Feb

Expect choppy with thin volume trading in the near future.

Zinc Feb

A mild recovery upturn expected as longa s Rs 268 restrict further downsides. A direct break above Rs 275 may extend rallies.

Lead Feb

Corrective selling pressure would continue as long as Rs186 caps the upside.

Aluminium Feb

If unable to break the support of Rs 210 expect upside recoveries for the day. Consistent trades eblwo the same would extend weakness.

 

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