Commodity Intraday Technical Outlook 27 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
A direct break above $24.50 is required to trigger fresh rallies. Else, choppy with corrective selling pressure may be seen today.
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 trade inside Rs 70000-66500 levels and breaking any of the sides would suggest fresh directional move for the day.
Crude Oil Feb
Choppy with mild recovery upticks expected as long as prices stay above Rs 6520. A direct break of Rs 6450 is a weak signal.
Natural Gas Jan
Liquidation pressure may continue while prices stay above Rs 245. A direct turn above Rs 265 would trigger recovery rallies.
Copper Feb
While prices stay above Rs 775 may see extension of rallies. Else, choppy with mild negative bias is on the cards for the day.
Nickel Feb
Expect choppy with thin volume trading in the near future.
Zinc Feb
Bullish may continue while prices Rs 290. A direct drop of which would trigger selling pressure
Lead Feb
Corrective selloffs are likely while pries stay below Rs 189.
Aluminium Feb
Break above Rs 228 would extend rallies. Else, there are chances of corrective selling pressure for the day.
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