01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 24 November 2022 - Geojit Financial Services
News By Tags | #473 #4943

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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.

 

 

To Read Complete Report & Disclaimer Click Here

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer