IGI Logo

Technical Commentary

Gold.

Recovery moves to continue but a break above $1820 is needed to convert into major rallies. A direct drop below $1765 is a weak signal.

Silver

LBMA Spot

Outlook remains mild positive as long as the support of $21.20 hold the downside.

Crude Oil

NYMEX

Rallies would continue while prices stay above $73.50. consistent trades below $69 is a weak signal.

Gold

KG Feb

Breaking the resistance of Rs 48800 is needed to trigger major rallies. A direct break of Rs 47700 is a weak signal.

Silver

KG Mar

Likely for initial upticks but a break above 63000 is required to continue the move. Break below the stiff support of Rs 60300 is a weak signal.

Crude Oil

Jan

Recovery rallies may continue if the support of Rs 5300 restrict further downsides. Anyhow, major resistance is seen at 5580.

Natural Gas

Dec

Choppy trading is likely in the initial hours but a direct drop below Rs 270 would trigger major selling pressure.

Copper

Dec

Rallies above Rs 754 would continue rallies. Else, there are chances of selling pressure.

Nickel

Dec

Choppy trades expected initially. A direct rise above Rs 1565 is needed to trigger further up moves.

Zinc

Dec 

A direct break above 291 would continue rallies. Else, there are chances of corrective selling pressure for the day.

Lead

Dec

Present upticks may continue if it holds the support of Rs 186. Meanwhile, a direct drop below Rs 183 is a weak signal.

Aluminium

Dec

A direct rise above Rs 226 is needed to continue rallies. Else, a choppy trading is in cards for the day.

To Read Complete Report & Disclaimer Click Here

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer