Commodity Intraday Technical Outlook 26 December 2022 - Geojit Financial Services
Gold LBMA Spot
Expect a choppy trading inside $1820-1760 levels initially and breaking any of the sides would suggest fresh directions.
Silver LBMA Spot
Upticks likely to continue as long as the support of $22.50 hold the downside. Consistency below the same is a bearish signal.
Crude Oil NYMEX
Upticks may continue while the support of $75 remains undisturbed. A direct dip below the same would liquidate prices.
Gold KG Dec
Trend remains on the positive side while the support of Rs 53800 remains undisturbed. A direct drop below Rs 53600 would trigger selling pressure.
Silver KG Feb
Choppy with mild positive bias trading expected initially. A direct drop of which can see corrective selling pressure.
Crude Oil Dec
If unable to break the support of Rs 6350 recovery upticks would continue the day. Consistent trades below the same is a weak signal.
Natural Gas Jan
Choppy with mild negative bias trading expected as prices cleared the support of Rs 440. Further rallies can be seen only above 468.
Copper Jan
As long as Rs712 hold the downside, expect recovery rallies for the day. Consistent trades below Rs 698 is a bearish signal.
Nickel Jan
There are chances of fresh buying interest in the counter. But it is expected a volume less trade near term.
Zinc Jan
Consistent trades above Rs 278 likely to see recovery rallies. A direct turn below Rs 265 is a weak signal
Lead Jan
Resistance of Rs 187 if remains caps, expect corrective selling pressure. Else, it may continue rallies for the day.
Aluminium Jan
Inability to break the support of Rs 247 there are chances of recovery upticks. A direct dip below the same is a sign of weakness.
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