Intraday Technical Outlook 11 January 2022- Geojit Financial Services
Gold
LBMA Spot
Choppy with mild positive bias expected initially. Anyhow, breaking the resistance of $1830 would trigger fresh rallies in the counter.Silver
LBMA Spot
Bearish outlook remains on cards as long as the resistance of $23.50 remains caps the upside. Anyhow major support is seen at $21.20.Crude Oil
NYMEX
Outlook remains positive as long as the support of $76.50 restrict downside moves. Major resistance is placed at $81.50.Gold
KG Feb
If Rs 47200 continue to hold the downside, expect upticks to continue the day.
Silver
KG Mar
A direct drop below Rs 59400 would drift prices further lower. Else, there are chances of recovery upticks for the day
.Crude Oil
Jan
While prices stays above Rs 5760 there are potential upside in the commodity. Immediate downside reversal point is at Rs 5520.
Natural Gas
Jan
Though the trend remains on the positive side, it needed to break Rs 312 to extend rallies. Else, expect a choppy trading for the day.
Copper
Jan
Choppy trading with negative bias expected initially. However, a direct break of Rs 730 would take prices further lower.
Nickel
Jan
Further rallies expected only a break above Rs 1590. Else, a choppy trading expected the day.
Zinc
Jan
Breaking Rs 294 is needed to continue rallies. Else, there are chances of corrective selling pressure.
Lead
Jan
Consistent trades above Rs 188 is required to trigger fresh rallies. If unable to so, prices may correct further lower.
Aluminium
Jan
Inability to move past Rs 232 there are chances of corrective selling pressure. However, major support is placed at Rs 223.
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