Intraday Technical Outlook 15 November 2021- Geojit Financial Services
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Technical Commentary
Gold
Break above $1870 will take prices further higher. Else, there are chances of corrective selling.
Silver
While prices stay above $25 there are chances to continue rallies for the day. Immediate reversal point is seen at $23.
Crude Oil
Break below $80 would continue the corrective selloffs. Else, recovery upticks may continue the day.
Technical Commentary
Gold KG
Prices continue to be choppy with mild positive but it required to break $49400 to trigger major rallies. A close below 47800 is a weak signal.
Silver KG
Prices continue to be choppy with mild positive but it required to break $49400 to trigger major rallies. A close below 47800 is a weak 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
A direct break below 345 would continue further selloffs. Else, chances of turnaround in prices for the day.
Copper
A direct break of 745 would extend recovery upticks. Inability to do so it may see selling pressure for the day.
Nickel
A direct break of 745 would extend recovery upticks. Inability to do so it may see selling pressure for the day.
Zinc
A direct break of 745 would extend recovery upticks. Inability to do so it may see selling pressure for the day.
Lead
A direct break below Rs 186 would trigger major liquidation. Else, turnaround in prices are likely.
Aluminium
Corrective selloffs are likely as long as the resistance of 215 remain caps the upside.
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