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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 27 January 2023 - Geojit Financial Services
News By Tags | #473 #4943

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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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