Intraday Technical Outlook 06 January 2022- Geojit Financial Services
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
Intraday outlook remains mild positive as long as 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 choppy trading for the day.
Crude Oil
Jan
While prices stays above Rs 5760 would extend the positive outlook. Inability to do so, intraday trend will be on the weaker side.
Natural Gas
Jan
Prolonged trades above Rs 281 further rallies are on cards. A close below Rs 270 is a weak sign and would trigger selling pressure.
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
Choppy with mild positive bias expected while prices stays above Rs 1560. A direct break of Rs 1520 is a weak signal.
Zinc
Jan
If unable to cross the resistance of Rs 293 choppy with negative bias expected the day.
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
Intraday bias remains on the positive side while it stays above Rs 229. Immediate trend reversal point is seen at Rs 223.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer