Commodity Intraday Technical Outlook 24 February 2023 - Geojit Financial Services
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Gold LBMA Spot
Gold LBMA Spot As long as prices stay below $1845 likely to extend weakness in the counter. A direct rise above $1900 would negate the view.
Silver LBMA
Silver LBMA Spot Intraday sentiment probably choppy with mild negative bias. A direct turn above $22.50 would negate the view and trigger rallies.
Crude Oil
Crude Oil Crude Oil NYMEX Pullback rallies can be seen if prices consistently trades above $75. A direct dip below $73 would extend weakness.
Gold KG Apr
Gold KG Apr Prices remains trade with weak bias. However, a direct break above Rs 56600 may extend the buying momentum.
Silver KG Mar
Silver KG Mar Selling pressure may continue if prices are unable to break above Rs 66000. A direct rise above the same would trigger fresh recovery rallies.
Crude Oil Mar
Crude Oil Mar If unable to break the support of Rs 6150 there are chances of recovery upticks for the day. Inability to do so may extend weak bias.
Natural Gas Mar
Natural Gas Mar If prices sustain above Rs 195 intraday bias likely to be on the positive side. Consistent trades below Rs 186 is a sign of weakness.
Copper Mar
Copper Mar If unable to move past Rs 776 expect selling pressure initially. A direct fall below Rs 760 would extend weakness.
Nickel Mar
Nickel Mar Expect choppy with thin volume trading in the near future.
Zinc Mar
Zinc Mar A mild recovery upturn expected as long as Rs 268 restrict further downsides. A direct break above Rs 275 may extend rallies.
Lead Mar
Lead Mar Corrective selling pressure would continue as long as Rs 186 caps the upside.
Aluminium Mar
Aluminium Mar If unable to break the support of Rs 210 expect upside recoveries for the day. Consistent trades below the same would extend weakness.
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