01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 30 September 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA

Spot Choppy trades with recovery upticks expected initially. Important support of $1600 needs to be cleared for to continue further selling pressure.

Silver LBMA

Spot Expect recovery upticks initially but it needs to break above $20 to keep the momentum.

Crude Oil NYMEX

Inability to break the support of $80 there are chances of mild recovery for the ay. A direct fall below $76 is a major sign of liquidation.

Gold KG Oct

Pullbacks rallies may continue initially. Further selloffs are expected only a close below Rs 49000.

Silver KG Dec

If the support of Rs 56200 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

Inability to trade consistently above Rs 580 there are chances of selling pressure for the day. Major support is placed at Rs 540.

Copper Oct

Recovery rallies may continue as long as the support or Rs 632 remains undisturbed. However, major resistance is seen at Rs 650.

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 for 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

Further selloffs are seen only a break of Rs 192. Otherwise there are chances of recovery upticks.

 

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