Intraday Technical Outlook 13 January 2022 - Geojit Financial Services
Gold
LBMA Spot
Immediate resistance of $1830 needs to be cleared for continuation of positive outlook. Else, there are chances of corrective selling for the day.
Silver
LBMA Spot
A direct rise above $23.50 would take prices further higher. Inability to do so intraday outlook may be on the weaker side.
Crude Oil
NYMEX
Outlook remains positive as long as the support of $76.50 restrict downside moves. Next major resistance is placed at $85.
Gold
KG Feb
Resistance at Rs 47900 which needs to be cleared for continuation of upticks. Else, choppy with mild negative bias trading is on cards.
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
Break above the resistance of Rs 351 is needed to continue rallies. Otherwise, it is likely for corrective selling pressure for the day.
Copper
Jan
Upticks to continue while prices stays above Rs 748. Immediate downside turnaround point is seen at Rs 730.
Nickel
Jan
Though the trend remains positive, it required to break the resistance of Rs 1645 to trigger further rallies. Else, there are chance of corrective selling pressure.
Zinc
Jan
Breaking Rs 294 is needed to trigger fresh rallies. If unable to do so, choppy trading is on cards for the day.
Lead
Jan
Further rallies are seen only if it cross above Rs 188. Inability to do so, prices may correct lower.
Aluminium
Jan
Rallies would continue while prices stays above Rs 230. an unexpected break below Rs 228 corrective selling pressure is likely for the day.
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