Commodity Intraday Technical Outlook 22 December 2022 - Geojit Financial Services
Gold LBMA Spot
Choppy with mild positive bias expected as long as prices stay above $1810. However, consistent trades below $1770 is a sign of weakness.
Silver LBMA Spot
Upticks likely to continue as long as the support of $22.50 hold the downside. Consistency below the same is a bearish signal.
Crude Oil NYMEX
If the support of $75 remains undisturbed expect recovery upticks. A direct dip below the same would liquidate prices.
Gold KG Dec
Buying momentum may continue while prices hold the support of Rs 53800. A direct drop below Rs 53600 would trigger selling pressure.
Silver KG Feb
Intraday outlook remains on the positive side as long Rs 67000 hold the downside. A direct drop of which can see corrective selling pressure.
Crude Oil Dec
Positive bias may continue as long as the support of Rs 6300 hold the downside. Consistent trades below the same is a weak signal.
Natural Gas Dec
Chances of recovery upticks are on cards as long as the support of Rs 440 hold the downside. Consistency below the same is a weak sign.
Copper Dec
Inability to move past 712 there are chances of corrective selling pressure. A direct rise above the same would continue rallies.
Nickel Dec
There are chances of fresh buying interest in the counter. But it is expected a volume less trade near term.
Zinc Dec
Choppy with mild negative bias is on the cards for the day. A direct rise above Rs 288 could negate the view.
Lead Dec
While prices stay above Rs 187 there are chances of recovery upticks to continue the day. An unexpected drop below Rs 185 is a bearish signal.
Aluminium Dec
A direct drop below of Rs 207 would extend weakness. Else, there are chances of recovery upticks.
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