IGI Logo

Gold LBMA Spot

Weakness likely to continue initially. Anyhow broad trend remains on the positive side as long as it stays above $1990. 

Silver LBMA Spot

While price stay below $23.50 would continue with weak outlook. Recovery rallies are seen only above Rs 24.50.  

Crude Oil NYMEX

A direct dip below $68 would extend weakness. If not, recovery upticks can be seen.MCX Technical Commentary

Gold KG Feb

Break below the support of Rs 61200 would extend weakness. Inability to do so may see recovery upticks.  

Silver KG Feb

As long as prices stay below Rs 73500 corrective selloffs would continue. A direct rise above Rs 76000 would negate the view.  

Crude Oil Dec

Break below Rs 5800 would extend liquidation pressure. If the support hold, expect recovery upticks

Natural Gas Dec

Outlook remain on the bearish side. Immediate upside turn around point is placed at Rs 225

Copper Dec

Consistent trades above Rs 725 expect rallies. If not weakness would prevail in the counter.  

Nickel Dec

Expect choppy with thin volume trading in the near future.  

Zinc Dec

Break below the support of Rs 218 would trigger weakness. If not recovery upticks are on the cards.  

Lead Dec

A direct rise above Rs 188 could negate the prevailing weak momentum and edge prices higher.

Aluminium Dec

It is required to break above Rs 198 to negate the prevailing weak momentum and take prices higher.

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

SEBI Registration Number: INH200000345