Commodity Intraday Technical Outlook 28 December 2022 - Geojit Financial Services
Gold LBMA Spot
Consistent trades above $1820 would extend rallies. Else, there are chances of corrective selling pressure for the day.
Silver LBMA Spot
A direct break above $24.30 would continue rallies. Otherwise, there may be selling pressure on the cards.
Crude Oil NYMEX
Further rallies are seen only a break above $81. Inability to do the same would trigger corrective selling pressure for the day.
Gold KG Feb
Recovery upticks may continue while prices hold the support of Rs 54400. A direct drop below Rs 53600 would trigger selling pressure.
Silver KG Mar
Intraday trend remains on the positive side as long as prices stay above Rs 68000. An unexpected drop of which would trigger liquidation pressure.
Crude Oil Jan
Choppy with mild negative bias expected initially. A direct rise above Rs 6750 would extend further rallies. Likewise dips below Rs 6300 is a weak signal.
Natural Gas Jan
Selling pressure may continue while the resistance of Rs 430 remain unbreakable. A direct rise above the same would negate the intraday bearish outlook.
Copper Jan
Rallies likely to continue while the support of Rs 720 remains undisturbed. A direct drop of Rs 710 is a sign of reversal.
Nickel Jan
There are chances of fresh buying interest in the counter. But it is expected a volume less trade near term.
Zinc Jan
Intraday outlook likely to be on the positive side while the support of Rs 270 hold downside.
Lead Jan
Resistance of Rs 187 if remains caps, expect corrective selling pressure. Else, it may continue rallies for the day.
Aluminium Jan
A turnaround in prices may be seen as long as the support of Rs 208 remains undisturbed. A direct drop of which would trigger liquidation pressure.
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