Commodity Intraday Technical Outlook 27 February 2023 - Geojit Financial Services
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Gold LBMA Spot
Gold LBMA Spot As long as prices stay below $1845 likely to extend weakness in the counter. A direct rise above $1900 would negate the view.
Silver LBMA Spot
Silver LBMA Spot Sentiment probably choppy with mild negative bias. A direct turn above $22.50 would negate the view and trigger rallies.
Crude Oil NYMEX
Crude Oil NYMEX If unable to break and sustain above $77 weak bias to continue the day. A direct rise above the same may negate the view.
Gold KG Apr
Gold KG Apr Weak bias likely to continue while prices stay below Rs 56000. A direct break above Rs 56600 could negate the view and take prices higher.
Silver KG Mar
Silver KG Mar Inability to moves past Rs 66000 selling pressure would continue thew day. A direct rise above the same would trigger fresh recovery rallies.
Crude Oil Mar
Crude Oil Mar If unable to break the support of Rs 6150 there are chances of recovery upticks for the day. Inability to do so may extend weak bias.
Natural Gas Mar
Natural Gas Mar Recovery rallies are possible as longas the support of Rs 198 remains undisturbed. Consistent trades below Rs 186 is a sign of weakness.
Copper Mar
Copper Mar If unable to move past Rs 765 expect selling pressure initially. A direct fall below Rs 760 would extend weakness.
Nickel Mar
Nickel Mar Expect choppy with thin volume trading in the near future. Zinc Mar A mild recovery upturn expected as long as Rs 268 restrict further downsides. A direct break above Rs 275 may extend rallies.
Lead Mar
Lead Mar Corrective selling pressure would continue as long as Rs 186 caps the upside.
Aluminium Mar
Aluminium Mar Inability to break above Rs 210 expect weakness to continue the day. Consistent trades below Rs 207 would extend weakness.
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