Intraday Technical Outlook 30 December 2021- Geojit Financial Services
Gold
LBMA Spot
Break above $1820 is required to continue upticks in the counter. Else there are chances of choppy trading but stiff support tis seen at $1765.
Silver
LBMA Spot
There are chances of recovery upticks as long as the support of $21.20 hold the downside.
Crude Oil
NYMEX
Upticks to continue while prices stay above $73.50. consistent trades below $69 is a weak signal.
Gold
KG Feb
Range bound with mild weakness expected as prices cleared the support of Rs 47700. Further rallies are seen only a close above Rs 48800.
Silver
KG Mar
Prices remain range bound with mild negative bias but a break of Rs 60300 is a short term selling signal.
Crude Oil
Jan
While prices stays above Rs 5450 intraday bias remains positive. Further weakness is seen if it breaks at Rs 5300.
Natural Gas
Jan
Immediate and stiff support is seen at Rs 288, which if holds expect recovery rallies for the day. A direct drop below Rs 270 is a sign of short term weakness.
Copper
Jan
Upticks likely to continue while prices stays above Rs 742. A close below Rs 735 is a short term weak signal.
Nickel
Jan
Outlook continue to be positive while prices stays above Rs 1560. a direct break of Rs 1520 is a weak signal.
Zinc
Jan
Corrective selloffs are in cards as prices cleared the support of Rs 288. Further rallies are seen only a break of Rs 293.
Lead
Jan
Break above Rs 188 is needed to trigger fresh rallies. If unable to so prices may correct lower in near future.
Aluminium
Jan
Consistent trades below Rs 224 would extend selling pressure for the day. Otherwise recovery upticks are on cards.
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