03-09-2023 11:52 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 9 March 2023 - Geojit Financial Services
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Gold LBMA Spot

A direct rise above $1845 expect recovery rallies. Else, it may continue with weak bias for the day.

LBMA Spot

Choppy with negative bias remains on the cards. A direct turn above $21.40 could negate the view and take prices higher.

Crude Oil NYMEX

If the support of $76 hold downside there are chances of recovery upticks. Else, weak momentum remains expected the day

Gold KG Apr

A direct break above Rs 56600 is needed to extend rallies. Inability to do so may see corrective selling pressure.

Silver KG May

Break above Rs 66000 would trigger rallies. Else, negative bias trading expected the day.

Crude Oil Mar

Intraday resistance is placed at Rs 6400 which is required to break for continuation of recovery upticks. Else, negative outlook remains in the cards.

Natural Gas Mar

Expect a choppy trading initially but it required to break above Rs 222 to trigger fresh short covering rallies.

Copper Mar

Inability to move past Rs 765 expect selling pressure to continue the day. A direct rise above Rs 780 would lift prices higher.

Nickel Mar

Expect choppy with thin volume trading in the near future.

Zinc Mar

Further selloffs are seen only a break of Rs 260. Else, there are chances of a recovery upticks for the day.

Lead Mar

As long as prices stay below Rs 186 likely to extend selling pressure.

Aluminium Mar

A direct rise above Rs 212 is needed to negate the present weak outlook and take prices higher. Else, expect choppy with negative outlook for the day.

 

 

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