Intraday Technical Outlook 12 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 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. Next major resistance is placed at $85.
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
Bullish outlook remains on cards as long as the support of Rs 5760 restrict further downsides.
Natural Gas
Jan
Though the trend remains on the positive side, it needed to break Rs 312 to trigger major rallies. Else, expect a choppy trading for the day.
Copper
Jan
A turnaround in prices is likely if the support Rs 730 hold downside. Immediate and strong resistance is seen at 755.
Nickel
Jan
As long as prices stay above Rs 1590 bullish bias to continue the day. Immediate downside reversal point is seen at Rs 1530.
Zinc
Jan
Breaking Rs 294 is needed to trigger fresh rallies. Else, there are chances of corrective selling pressure.
Lead
Jan
Consistent trades above Rs 188 is required for continuation of further upside. If unable to so, prices may correct lower.
Aluminium
Jan
A choppy trade inside Rs 236-228 expected initially and breaking either the sides would suggest fresh direction to the commodity.
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