Commodity Intraday Technical Outlook 25 January 2023 - Geojit Financial Services
Gold LBMA Spot
Choppy trading expected initially. A direct rise above $1940 is needed to extend rallies for the day.
Silver LBMA Spot
Prices remains congested inside $24-22.50 levels and breaking any of the sides would suggest fresh direction for the day.
Crude Oil NYMEX
Break above $83 would continue rallies. Else, there are chances of corrective selling pressure.
Gold KG Feb
While prices stay above Rs 56600 may extend buying interest. Else, corrective selling pressure are likely for the day.
Silver KG Mar
Expect a choppy trading inside Rs 70000-66600 levels and breaking either s
Crude Oil Feb
If unable to break Rs 6750 there are chance of corrective selling pressure for the day. A direct rise above the same would lift prices further higher.
Natural Gas Jan
Inability to consistent above Rs 295 there are chances of corrective selling pressure for the day.
Copper Feb
Bullish outlook remains on the cards while prices stay above Rs 775. A direct dip below Rs 758 is a sign of corrective selling pressure.
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
Choppy with mild negative bias expected as long as prices stay below Rs 189.
Aluminium Feb
Bullish outlook would continue while prices stay above Rs 220. a direct dip below Rs 208 is a sing of reversal.
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