Commodity Intraday Technical Outlook 24 November 2022 - Geojit Financial Services
Gold LBMA Spot
Recovery bias is on the cards as long as the support of $1730 hold the downside. A direct drop below $1680 would trigger major liquidation pressure.
Silver LBMA Spot
Upticks likely to continue the day. A direct fall below $20.60 is a sing of reversal of the momentum.
Crude Oil NYMEX
If unable to trade below $76 there are chances of recovery up moves. A direct drop of which is a sing of fresh liquidation pressure.
Gold KG Dec
Choppy with mild recovery expected initially. A direct rise above Rs 53000 would trigger major rallies.
Silver KG Dec
Prices remains congested inside Rs 63000-59800 levels and any of the sides breakout would suggest fresh short term directions.
Crude Oil Dec
A direct break of Rs 6200 would continue liquidation pressure. Else, there are chances of recovery upticks.
Natural Gas Dec
Initial dips likely to see but it required to break Rs 540 to extend the momentum. Else, buying interest likely to continue the day.
Copper Dec
Upticks may continue while as long as the support of Rs 665 hold the downside. A direct fall below would extend liquidation pressure.
Nickel Dec
There are chances of fresh buying interest in the counter. But it is expected a volume less trade near term.
Zinc Dec
It is required to break the support of Rs 260 to extend liquidation. Else, there are chances of recovery upticks.
Lead Dec
As long as the support of Rs 182 holds, expect recovery upticks. A direct break of which would trigger selling pressure.
Aluminium Dec
If the support of Rs 205 hold the downside, there are chances of recover upticks. A direct fall below the same is a sing of liquidation.
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