01-01-1970 12:00 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 24 January 2023 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Choppy trading expected initially. A direct rise above $1940 is needed to extend rallies for the day.

Silver LBMA Spot

Inability to move past $23.80 there are changes of corrective selling pressure to continue the day. It needed to break above $24.50 to trigger fresh rallies.

Crude Oil NYMEX

Break above $83 would continue rallies. Else, there are chances of corrective selling pressure.

Gold KG Feb

Consistent trades above Rs 56600 may extend buying interest. Else, corrective selling pressure are likely for the day.

Silver KG Mar

While prices stay below Rs 66600 would extend liquidation pressure. If not, expect a mild turnaround in prices.

Crude Oil Feb

Breaking the immediate resistance of Rs 6750 is needed to extend rallies. Else, choppy with mild negative bias trading expected the day.

Natural Gas Jan

Expect a range bound trade inside Rs 295-262 levels initially and breaking any of the sides would suggest fresh directional moves for the day.

Copper Feb

While prices stay above Rs 775 may see extension of rallies. Else, choppy with mild negative bias is on the cards for the day.

Nickel Feb

Expect choppy with thin volume trading in the near future.

Zinc Feb

Outlook remains on the bullish side while prices stay above Rs 290. A direct drop of which would trigger liquidation pressure.

Lead Feb

Corrective selloffs are likely while pries stay below Rs 189.

Aluminium Feb

Inability to break the support of Rs 222 ongoing bullish appeal likely to continue in the counter. A direct break of Rs 208 is a sign of liquidation.

 

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