01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 18 January 2022 - Geojit Financial Services
News By Tags | #473 #4943

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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

Corrective selling is likely if prices are unable to move past $23.50. Anyhow, major support is placed at $21.20.

Crude Oil

NYMEX

Break above $85 would trigger fresh rallies for the day. Inability to do so expect corrective selloffs but major liquidation is seen only a break of $76.50.

Gold

KG Feb

Resistance at Rs 48000 which needs to be cleared for continuation of upticks. Else, choppy with mild negative bias trading is on cards.

Silver

KG Mar

If Rs 61200 remain undisturbed, expect recovery rallies for the day. A direct drop below Rs 59400 would drift prices further lower.

Crude Oil

Feb

Bullish outlook remains on cards as long as the support of Rs 5980 restrict further downsides.

Natural Gas

Jan

Expect a choppy trading inside Rs 302-325 levels and breaking any of the sides would suggest fresh direction to the commodity.

Copper

Jan

Further rallies are on cards only a break above Rs 748. Else, expect a choppy trading for the day.

Nickel

Jan

Consistent trades above the resistance of Rs 1645 would trigger further rallies. Else, there are chance of corrective selling pressure.

Zinc

Jan

Breaking Rs 294 is needed to continue 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 191. Inability to do so, prices may correct lower.

Aluminium

Jan

Positive outlook is intact as long as the support of Rs 232 remains undisturbed. Break above Rs 238 is a major bullish signal.

 

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