01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 20 January 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold

LBMA Spot

While prices stays above $1830 expect upticks to continue the day. Break below $1780 is a weak signal.

Silver

LBMA Spot

Recovery rallies may continue while prices stays above $23.50. Major downside reversal point is placed at $21.20.

Crude Oil

NYMEX

Choppy trading expected initially but positive bias remains on cards while it stays above $85.

Gold

KG Feb

If the support of Rs 47700 remain undisturbed, expect recovery pullbacks. A close below the same is a downside turnaround point.

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

Choppy with positive bias trading expected initially. Break below Rs 5980 is a short term reversal signal.

Natural Gas

Jan

As long as prices stays below Rs 313 weak bias likely to continue the day. A close above 325 is a recovery signal.

Copper

Jan

Further rallies are on cards only a break above Rs 752. Else, expect a choppy trading for the day.

Nickel

Jan

Pullback rallies to continue which the support of Rs Rs 1680 remain undisturbed. Downside turning point is at Rs 1603.

Zinc

Jan

Breaking Rs 296 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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