01-06-2022 10:06 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 06 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

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.

 

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