01-01-1970 12:00 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 23 September 2022 - Geojit Financial Services
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Gold LBMA Spot

Stiff support is placed at $1650. A direct break of which could trigger further liquidation pressure. Else, expect a choppy trading for the day.

Silver LBMA Spot

If unable to break the resistance of $19.90 expect weak bias to continue the day. A direct drop below $18.50 is a sign of major selling pressure.

Crude Oil NYMEX

Choppy trading expected initially. A direct drop below $81 is a sign of major liquidation pressure.

Gold KG Oct

As long as the support of Rs 49500 hold the downside, expect recovery upticks to continue the day. A direct drop below Rs 49000 is a major liquidation signal.

Silver KG Dec

If the immediate support of Rs 56500 hold downside, expect recovery moves for the day.

Crude Oil Sep

l Sep Prices remain choppy inside Rs 6500-6950 levels initially and breaking any of the sides would suggest fresh directional moves for the day.

Natural Gas Sep

If the resistance of Rs 635 remains cap, expect weak bias to continue the day. A direct rise above Rs 645 is a sign of reversal.

Copper Sep

A direct rise above Rs 650 would trigger fresh buying sentiment. Else, choppy with negative bias is on the cards.

Nickel Sep

Volume less trades inside Rs 1720-2250 levels likely to continue in near future.

Zinc Sep

A direct rise above Rs 285 would continue rallies. Else, there are chances of choppy trading for the day.

Lead Sep

Prices remains consistent above Rs 178 to continue recovery upticks. Else, there are chances of corrective selling pressure.

Aluminium Sep

If the support of Rs194 holds, expect recovery upticks for the day. A direct drop of which may see further liquidation pressure.

 

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