Commodity Intraday Technical Outlook 30 November 2022 - Geojit Financial Services
Gold LBMA Spot
Further selling pressure is seen only a break of the stiff support of $1720. Else, there are chances of recovery upticks for the day.
Silver LBMA Spot
Break above $22 is needed to trigger rallies. Inability to break the same would see corrective selling pressure for the day.
Crude Oil NYMEX
Consistent trades above $80 is required to continue buying pressure. Else, there are corrective selling pressure.
Gold KG Dec
Inability to break above Rs 53000 expect choppy with mild negative bias trading. A direct rise above the same is a sign of reversal.
Silver KG Dec
Weak bias expected initially as long as prices stay below the support of Rs 62800. Upside turnaround point is placed at Rs 64500.
Crude Oil Dec
If unable to break above Rs 6600 there are chances of corrective selling. A direct rise above would trigger fresh short covering rallies.
Natural Gas Dec
Further rallies are seen only above Rs 595. If the resistance remains caps expect selling pressure for the day.
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 267 to extend buying interest. Else, there are chances of weak bias.
Lead Dec
Inability to move past Rs 185 there are chances of selling pressure. A direct rise above the same would trigger rallies.
Aluminium Dec
Inability to move past Rs 210 there are chances of corrective selling pressure. A direct rise above the same is a sign of recovery upticks.
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