Powered by: Motilal Oswal
01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 23 December 2022 - 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

Gold LBMA Spot

Choppy with corrective selling expected as long as $1825 caps upside. 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

Expect upticks to continue while prices stay above $75. Consistent trades below the same is a weak signal.

Gold KG Dec

Consistent trades above Rs 55000 would extend rallies. Else, corrective selloffs are on the cards for the day.

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

If the support of Rs 6300 remains hold expect recovery upticks for the day. Consistent trades below the same would trigger weakness.

Natural Gas Dec

Weakness likely to continue while prices stay below the support of Rs 440 hold the downside. Consistency above the same would call far fresh rallies.

Copper Dec

Inability to move past 718 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

Negative bias is on the cards initially for the day. A direct rise above Rs 288 could negate the view.

Lead Dec

Expect a choppy with corrective selling signal initially. A direct rise above Rs189 would trigger rallies.

Aluminium Dec

A direct drop below of Rs 207 would extend weakness. Else, there are chances of recovery upticks.

 

 

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