Commodity Intraday Technical Outlook 20 January 2023 - Geojit Financial Services
Gold LBMA Spot
Upticks likely to continue the day. A direct break below $1890 would trigger weak bias.
Silver LBMA Spot
Choppy with mild negative bias trading expected initially. A direct break above $24.50 would trigger fresh rallies.
Crude Oil NYMEX
Consistent trades above $81 would extend buying interest in the counter. Else, a choppy trading session is on the cards for the day.
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 Expect a choppy trading inside Rs 66800-70200 levels initially and breaking any of the sides would suggest fresh directional moves for the day.
Crude Oil Feb
Expect a choppy with mild positive bias trading initially. However it required to break and sustain above Rs 6600 to trigger major rallies.
Natural Gas Jan
Negative bias likely to extend as long as prices stay below Rs 288. Consistent trades above Rs 315 would trigger fresh rallies.
Copper Jan
A rangebound trading session is on the cards inside Rs 768-782 levels and breaking either sides would suggest further short term directions.
Nickel Jan
Expect choppy with thin volume trading in the near future..
Zinc Jan
Upticks would continue as long as the support of Rs 288 remain undisturbed.
Lead Jan
Sustained trades above Rs 192 expect recovery rallies. Else, there are chances of selling pressure.
Aluminium Jan
Prices remains held firm as long as the support of Rs 218 holds the downside. A direct dip below Rs 210 would trigger liquidation pressure.
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