22-02-2024 09:16 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 22 February 2024 -Geojit Financial Services

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Gold LBMA Spot:

Weakness is on the cards if unable to move past 2030. Stiff support below $1980 would trigger further liquidation.

Silver LBMA Spot:

Further rallies are seen only above $23.50. If unable to do so may see extension of weak bias.

Crude Oil NYMEX:

It most likely to trade inside $80-75 region and breaking any of the sides would suggest fresh directions.

Gold KG Apr:

Expect range bound trade with mild negative bias initially.

Silver KG Mar:

Selloffs would extend if prices clear the support of Rs 70300. If unable to break the same would call for recovery rallies.

Crude Oil Feb:

Outlook remain choppy initially. However stiff upside obstacle is seen at Rs 6500.

Natural Gas Feb:

As long as Rs 127 remain hold downside expect recovery rallies for the day.

Copper Feb:

Mild recovery upticks expected initially. Further selling pressure seen only below Rs 716.

Nickel Feb:

Expect choppy with thin volume trading in the near future.

Zinc Feb:

As long as the support of Rs 210 holds, there are chances of recovery rallies for the day.

Lead Feb:

Recovery bias can be seen while the support of Rs 179 remain undisturbed for the day.

Aluminium Feb:

Intraday resistance is placed at Rs 202 which needs to be cleared for extending rallies.

 

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