Commodity Intraday Technical Outlook 23 September 2022 - Geojit Financial Services
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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