Commodity Intraday Technical Outlook 23 January 2023 - Geojit Financial Services
Gold LBMA Spot
While prices stay above $1900 expect recovery rallies to continue the day. A direct drop of which is a sign of weakness.
Silver LBMA Spot
Prices remains consolidate initially. However, it needed to break above $24.50 to trigger fresh rallies.
Crude Oil NYMEX
Break above $82.50 is needed to continue rallies. Else, there are chances of corrective selling pressure.
Gold KG Feb
While prices stay above Rs 56600 would extend buying interest. Else, corrective selling pressure are likely for the day.
Silver KG Mar
As long as Rs 67500 hold the downside, expect recovery rallies. Else, expect a choppy trading selling for the day.
Crude Oil Feb
Immediate resistance of Rs 6700 is needed to extend rallies. Else, choppy with mild negative bias trading expected the day.
Natural Gas Jan
Expect a recovery in prices as long as the support of Rs 262 hold downside. Unexpected drop of which is a sign of liquidation.
Copper Jan
Break above Rs 775 may see further rallies in the counter. Else, choppy with mild negative bias is on the cards for the day.
Nickel Jan
Expect choppy with thin volume trading in the near future.
Zinc Jan
Outlook remains on the bullish side while prices stay above Rs 282. A direct drop of which would trigger liquidation pressure.
Lead Jan
If unable to break above Rs 192 there are chances of corrective selling. A direct lift above would continue rallies.
Aluminium Jan
Prices remain stay positive as long as Rs 218 hold the downside. A direct dip below Rs 210 would trigger liquidation pressure.
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