05-10-2022 11:11 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 10 May 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

A direct drop below the support of $1848 prices would liquidate further. Else, expect a choppy trading session for the day.

Silver LBMA Spot

While prices stay below $23 there are chance of further liquidation pressure. A direct rise above $23.80 is an early recovery signal.

Crude Oil NYMEX

Immediate support of $99 needs to be cleared to continue the downside. Else, recovery upticks are on cards for the day.

Gold KG Jun

Choppy with mild negative bias expected initially. However, a direct drop below Rs 50600 would trigger sharp selling pressure.

Silver KG May

Major support is placed at Rs 60400. A direct break of which would extend liquidation pressure. Else, recovery upticks are on cards.

Crude Oil May

Further rallies are seen only above Rs 8500. Else, expect mild negative bias trading for the day.

Natural Gas May

As long as prices stay below Rs 595 there are chances of further liquidation pressure. A direct turn above Rs 640 is a recovery signal.

Copper May

Expect choppy with mild negative bias trading as long as prices stay below Rs 775. Upside turnaround point is placed at Rs 798.

Nickel May

Prices remain liquidate further as long as prices stay below Rs 2300.

Zinc May

Corrective selloffs are on cards while prices stay below the support of Rs 320.

Lead May

If unable to move past Rs 180 expect recovery upticks for the day. A direct drop below the same wis major selling signal.

Aluminium May

While prices stay below the support of Rs 237 expect weak bias to continue the day. A direct rise above would take prices higher.

 

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