Commodity Intraday Technical Outlook 30 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 Expect a choppy trading inside $24.30-23.20 levels initially and breaking any of the sides would suggest fresh direction for the day.
Crude Oil NYMEX
If unable to clear the resistance of $81 there are chances of liquidation pressure. A direct rise above the same would tigger rallies.
Gold KG Feb
Prices remains congested inside Rs 55400-54300 levels initially and breaking any of the sides would suggest fresh short term direction.
Silver KG Mar
Active trades above Rs 70000 is needed to extend buying pressure. Else, chances of corrective selling are on the cards.
Crude Oil Jan
It is required to break above Rs 6750 to extend further rallies. Else, there are chances of corrective selling pressure.
Natural Gas Jan
Weak bias may continue as long as the resistance of Rs 420 remains caps the upside. A direct lift above the same is a sign of fresh buying.
Copper Jan
Choppy trading expected 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
Inability to move past Rs 265 there are potential recovery rallies for the day. A direct drop of which is a sign of liquidation.
Lead Jan
Resistance of Rs 187 if remains caps, expect corrective selling pressure. Else, it may continue rallies for the day.
Aluminium Jan
A direct break below Rs 207 would extend liquidation. Else there re chances of recovery upticks.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer