Commodity Intraday Technical Outlook 22 November 2022 - Geojit Financial Services
Gold LBMA Spot
Mild recovery upticks expected as long as the support of $1730 hold the downside. A direct drop below $1680 would trigger major liquidation pressure.
Silver LBMA Spot
Upticks expected initially while prices stay above $20.50. A direct dip below $20 is a major selling signal.
Crude Oil NYMEX
Consistent trades below $76 is a sign of major liquidation pressure. Inability to do so may see recovery rallies for the day.
Gold KG Dec
Choppy with mild recovery expected initially. A direct rise above Rs 53000 would trigger major rallies.
Silver KG Dec
Prices remain congested inside Rs 63000-59800 levels with mild positive bias. Any of the sides breakout would suggest fresh short term directions
Crude Oil Nov
A direct break of Rs 6200 would continue liquidation pressure. Else, there are chances of recovery upticks.
Natural Gas Nov
It is required to trade consistently above Rs 540 to extend rallies. Otherwise, intraday bias most likely to be choppy.
Copper Nov
Expect mild recovery upticks as long as the support of Rs 660 hold the downside. A direct fall below would extend liquidation pressure.
Nickel Nov
There are chances of fresh buying interest in the counter. But it is expected a volume less trade near term.
Zinc Nov
Selling pressure would extend if prices breaks the support of Rs 255. If unable to do, expect recovery rallies.
Lead Nov
Recovery upticks are on cards as long as the support of Rs 180 hold the downside. A direct drop of which would extend selling pressure.
Aluminium Nov
Choppy trading remains on the cards. However consistent trades below Rs 202 would extend liquidation pressure.
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