Commodity Intraday Technical Outlook 6 October 2022 - Geojit Financial Services
Gold LBMA Spot
Choppy with recovery upticks expected initially. A direct drop below $1690 would negate the view and trigger selling pressure.
Silver LBMA Spot
Dips to $19.50 likely to hold the downside and consolidate initially. Inability to move past the same would trigger recovery upticks.
Crude Oil NYMEX
Mild upticks likely to see as long as the support of $83 remain undisturbed. A direct drop of which is a sing of reversal.
Gold KG Dec
While prices stay above Rs 50500 buying interest may continue the day. An unexpected fall below Rs 49800 is a sign of weakness.
Silver KG Dec
Upticks would continue as long as the support of Rs 60600 remains hold the downside. A direct drop of Rs 59800 is a sign of weakness.
Crude Oil Oct
Recovery upticks would continue if prices stay above Rs 6700. A direct drop of the same is a weak signal.
Natural Gas Oct
Prices remains choppy inside Rs 578-530 levels and breaking either the sides would suggest fresh directional moves for the day.
Copper Oct
While prices stay above 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
Bullish bias expected as prices cleared above the resistance of Rs 280. A direct drop below Rs 276 is a weak signal.
Lead Oct
Prices remains inside the range of Rs 183-175 levels and breaking any of the sides would suggest fresh direction for the day.
Aluminium Oct
Recovery momentum may continue while prices stay above Rs 200. A direct dip below Rs 190 is a sign of liquidation pressure.
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