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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 17 May 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Choppy with mild weakness expected as long as prices stay below the support of $1848. A direct turn above $1890 is recovery signal.

Silver LBMA Spot

Bearish momentum may continue while prices stay below $23. Recovery moves are anticipated only consistent trades above $23.50.

Crude Oil NYMEX

Intraday bias remains positive as long as prices stay above $110. an unexpected fall below the same may see correction in prices.

Gold KG Jun

As long as prices stay below the support of Rs 50600 would extend weakness.

Silver KG May

Recovery upticks can be seen if prices consistently trades above Rs 60000. a direct drop below the same would extend liquidation pressure.

Crude Oil May

Expect rallies to continue while prices stay above Rs 8600. Break below Rs 7400 is a short term weak signal.

Natural Gas May

Bullish bias likely to continue the day as long as the support of Rs 610 hold the downside. Further weakness is seen only a break of Rs 588.

Copper May

Expect choppy with mild negative bias trading as long as prices stay below Rs 762. Upside turnaround point is placed at Rs 798.

Nickel May

Prices remain range bound inside Rs 2300-2600 levels and breaking either the sides would suggest fresh short term directions.

Zinc May

Expect upticks if prices remain hold the support of Rs 300. However, major rallies are seen only above Rs 320.

Lead May

If unable to move past Rs 178 expect recovery upticks for the day. A direct drop below the same is a major selling signal.

Aluminium May

Break below Rs 230 to extend weakness. Else, there are chances of recovery upticks for the day

 

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