Commodity Intraday Technical Outlook 3 October 2022 - Geojit Financial Services
Gold LBMA Spot
Prices remains choppy initially. Weakness likely to continue if it consistently trades below $1640. A direct rise above $1680 may see recovery upticks.
Silver LBMA Spot
Expect a congested trade inside $20-18 levels and breaking any of the sides would suggest fresh direction.
Crude Oil NYMEX
Recovery moves may continue initially but major rallies are seen only a break above $83. A direct drop below $78 prices would liquidate further.
Gold KG Oct
A direct break of Rs 49600 may extend weakness. Else, recovery upticks are on cards for the day.
Silver KG Dec
If Rs 56200 remains hold the downside expect an upside turnaround. A direct fall below would continue liquidation pressure.
Crude Oil Oct
Consistent trades above Rs 6700 would continue upticks for the day. Else, expect a choppy trading with mild negative bias.
Natural Gas Sep
Intraday remains choppy inside Rs 588-530 levels and breaking any of the sides would suggest fresh directional moves for the day.
Copper Oct
A direct break of Rs 660 would extend upticks. Else, choppy with mild negative bias expected the day.
Nickel Oct
Volume less trades inside Rs 1720-2250 levels likely to continue in near future.
Zinc Oct
While prices stay above Rs 258 there are chances of recovery upturn to continue the day. A direct drop of which is a sing of major liquidation.
Lead Oct
A direct break above Rs 178 would extend rallies. Else, there are chances of corrective selling pressure.
Aluminium Oct
Major support is placed at Rs 186. A direct break of which would extend liquidation pressure. Else, choppy trading is on cards for the day
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