IGI Logo

Technical Commentary

Gold

While prices stay above $1800 expect a choppy with mild positive bias trading for the day. A direct drop below $1790 is a weak signal.

Silver

Consistent trades above $25 is needed to continue rallies. Else, there are chances of corrective selling pressure.

Crude Oil

Break below $80 would continue the corrective selloffs. Else, recovery upticks may continue the day.

Technical Commentary

Gold KG

Positive outlook likely to continue while prices stay above Rs 48300. A close below 47800 is a weak signal.

Silver KG

Rallies to continue but it required to break Rs 67000 to trigger major bullish outlook. Break of Rs 63500 is a corrective selling signal

Crude Oil

Choppy with corrective selling is likely initially. Meanwhile, a direct rise above Rs 6220 would trigger fresh rallies in the counter.

Natural Gas

Consistent trades below 365 would take prices further lower. Otherwise the trend will be positive for the day.

Copper

A direct break of 724 would extend the selling pressure. Else, expect recovery upticks.

Nickel

An upside turnaround is possible as long as Rs 1485 hold the downside. Consistent trades below the same is a weak signal.

Zinc

If 274 continue to hold the downside, there are chances of recovery upticks.

Lead

Upticks may continue while the support of Rs 186 remain undisturbed. A close below the same is a weak signal.

Aluminium

Expect a choppy trade inside Rs 201-209 levels initially and breaking any of the sides would suggest fresh direction of the commodity.

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