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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 23 August 2023 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Choppy with mild recovery upticks can be seen as long as the support of $1880 if remain undisturbed. A direct drop of which would trigger liquidation pressure.

Silver LBMA Spot

Mild upticks are on the cards initially, as long as the support of $22 hold downside. A direct dip of which is a sign of weakness.

Crude Oil NYMEX

Corrective selling pressure is expected initially. However, stiff support is placed at $78.

Gold KG Oct

It is required to break and sustain above Rs 59000 to lift prices higher. Else, choppy with mild negative bias trading expected.

Silver KG Sep

If unable to break the support of Rs 69200 recovery rallies would extend the day. A direct drop of which would trigger further liquidation.

Crude Oil Sep

Consistent trades below Rs 6200 would trigger fresh round of selling pressure. Ese, a mild uptick is on the cards.

Natural Gas Aug

Stiff support is placed at Rs 210 which if remain hold, expect recovery rallies. Unexpected drop of which if a weak signal.

Copper Aug

Break above the immediate resistance of Rs 735 would trigger fresh rallies. Inability to do the same may see corrective selling pressure.

Nickel Aug

Expect choppy with thin volume trading in the near future.

Zinc Aug

Break below Rs 208 would extend weakness. Else, recovery upticks are on the cards for the day.

Lead Aug

Further selloffs are seen only a break of Rs 182.50. Else, the momentum mostly on the positive side.

Aluminium Aug

Inability to break the support of Rs 197 there are chances for recovery upticks to continue the day.

 

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