Commodity Intraday Technical Outlook 29 November 2022 - Geojit Financial Services
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Gold LBMA Spot
Expect a range bound trade inside $1762-1720 levels initially and breaking any of the sides would suggest fresh directional moves for the day.
Silver LBMA Spot
If the support of $20 remains hold, expect recovery upticks for the day. A direct drop of which would extend liquidation pressure.
Crude Oil NYMEX
Consistent trades below $74 is needed to continue selling pressure. Else, there are chances of recovery upticks.
Gold KG Dec
Further rallies would seen only a break above Rs 52600. Inability to cross the same would see choppy trading for the day.
Silver KG Dec
Expect a choppy trading inside Rs 64000-61800 levels and breaking any of the sides would suggest fresh directional moves.
Crude Oil Dec
Recovery moves are on the cards as long as the support of Rs 6200 hold the downside. A direct dip below Rs 6000 is sign of further weakness.
Natural Gas Dec
If Rs 600 remains caps the upside, expect selling pressure to continue the day. However, immediate and stiff support is seen at Rs 565.
Copper Dec
Inability to Rs 682 there are chances of corrective selling pressure to continue the day. A direct rise above would lift prices further higher.
Nickel Dec
There are chances of fresh buying interest in the counter. But it is expected a volume less trade near term.
Zinc Dec
It is required to break the support of Rs 262 to extend liquidation. Else, there are chances of recovery upticks.
Lead Dec
A direct break below Rs 182 likely to extend liquidate prices. Inability to do so may see recovery upticks for the day.
Aluminium Dec
Expect a choppy trading inside Rs 204-210 levels initially and breaking any of the sides would suggest fresh directional move for the day.
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