Commodity Intraday Technical Outlook 18 January 2024 - Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Gold LBMA Spot:
Weak bias remains on the cards but major downside reversal is seen only below $1990.
Silver LBMA Spot:
A direct drop below $22.50 would trigger further selling pressure
Crude Oil NYMEX:
Range bound trading expected inside $70-74 levels and breaking any of the sides would suggest fresh directions
Gold KG Apr:
While prices stay below Rs 61800 would extend selling pressure. Else, there are chances of a recovery rally.
Silver KG Feb:
Immediate support is placed at Rs 71000, which if cleared would extend selling pressure.
Crude Oil Jan:
Prices continue inside Rs 6200-5850 levels and either side breakout would guide further short term direction.
Natural Gas Jan:
Mild upticks can be see initially but it required to close above Rs 245 to extend the momentum.
Copper Jan:
Inability to break the support of Rs 710 there are chances of mild recovery upticks for the day.
Nickel Jan:
Expect choppy with thin volume trading in the near future.
Zinc Jan:
Selling pressure may continue while prices stay below Rs 218.
Lead Jan:
As prices cleared the support of Rs 181 it may extend bearish outlook for the day.
Aluminium Jan:
Intraday outlook remains on the weaker side as long as prices stay below Rs 200.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
