Intraday Technical Outlook 19 January 2022 - Geojit Financial Services
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Gold
LBMA Spot
Choppy trades remains on cards immediately but breaking the resistance of $1830 would trigger fresh rallies. Break below $1780 is a weak signal.
Silver
LBMA Spot
As prices cleared the resistance of $23.50 expect recovery rallies. Major downside reversal point is placed at $21.20.
Crude Oil
NYMEX
Rallies would continue while prices stays above $85. Inability to trade consistently above the same may call for corrective selling.
Gold
KG Feb
Consistent trades above Rs 47700 there are chances of recovery upticks. If unable to so, choppy with mild negative bias trading is on cards.
Silver
KG Mar
If Rs 61800 remain undisturbed, expect recovery rallies for the day. A direct drop below Rs 59400 would drift prices further lower.
Crude Oil
Feb
Expect a gap up opening and the rallies may continue while it stays above Rs 6300. Break below Rs 5980 likely to correct prices lower.
Natural Gas
Jan
If the support of Rs 313 remains undisturbed expect rallies to continue the day. A direct break of Rs 302 would trigger liquidation pressure.
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 prices lower.
Aluminium
Jan
Bullish outlook would continue while prices stays above Rs 232. Immediate reversal point is at 228.
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