01-04-2022 10:00 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 04 January 2022- Geojit Financial Services
News By Tags | #473 #4943

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Gold

LBMA Spot

Immediate outlook remains choppy inside $1830- 1790 levels and breaking either the sides would suggest fresh directions to the commodity.

Silver

LBMA Spot

Break below the support of $21.20 short term outlook will turn to bearish. Else, choppy trading is on cards.

Crude Oil

NYMEX

Upticks to continue while prices stay above $73.50. consistent trades below $69 is a weak signal.

Gold

KG Feb

Prices required to break Rs 48500 to extend the positive momentum. Else, intraday bias mostly on the weaker side

Silver

KG Mar

Stiff resistance is seen at Rs 63400 which needs to be cleared for continue upticks. If unable to do so expect weak bias for the day.

Crude Oil

Jan

Break above Rs 5760 would extend the positive outlook. Inability to do so, intraday trend will be on the weaker side.

Natural Gas

Jan

Immediate resistance is seen at Rs 281, break of which fresh rallies is on cards. A close below Rs 270 would trigger selling pressure in the commodity.

Copper

Jan

Upticks likely to continue while prices stays above Rs 738. A close below Rs 728 is a short term weak signal.

Nickel

Jan

Outlook continue to be positive while prices stays above Rs 1560. a direct break of Rs 1520 is a weak signal.

Zinc

Jan

Choppy with negative bias trading expected as long as prices stay below Rs 288. Further rallies are seen only a break of Rs 293.

Lead

Jan

Break above Rs 188 is needed to trigger fresh rallies. If unable to so, prices may correct lower in near future.

Aluminium

Jan

Inability to move past Rs 227 there are chances of corrective selling pressure. A direct break above Rs 229 is a fresh buying signal.

 

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