01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 20 January 2023 - Geojit Financial Services
News By Tags | #473 #4943

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

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.

 

To Read Complete Report & Disclaimer Click Here

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer