IGI Logo

Gold LBMA Spot

Choppy trading expected initially. A direct rise above $1940 is needed to extend rallies for the day.

Silver LBMA Spot

Prices remain congested inside $24.50-22.80 levels and breaking any of the sides would suggest fresh directional moves for the day.

Crude Oil NYMEX

If unable to move past $82 expect corrective selling pressure would continue the day. Else, recovery upticks are on the cards.

Gold KG Feb

Consistent trades above Rs 56600 may extend buying interest. Else, corrective selling pressure are likely for the day.

Silver KG Mar

Breaking any of the sides of Rs 66500-70000 is needed to suggest fresh short term direction. Else, choppy trading inside the level expected the day.

Crude Oil Feb

Breaking the immediate resistance of Rs 6750 is needed to extend rallies. Else, choppy with mild negative bias trading expected the day.

Natural Gas Jan

Liquidation pressure would extend as long as Rs 235 caps the upside. A direct rise above the same would extend recovery upticks.

Copper Feb

As long as 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

Consistent trades above Rs 300 would extend rallies. Else, corrective selling pressure is on the cards.

Lead Feb

Corrective selloffs are likely while pries stay below Rs 189.

Aluminium Feb

A direct break above Rs 228 would extend rallies. Else, likely for corrective selling pressure for the day.

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