Geojit : Commodity Morning Insights, 25th Aug 2022
Intraday Technical Outlook
| Instruments | Technical Commentary |
| Gold LBMA Spot | Recovery upticks to continue the day. However, short term upside turn around point is placed at $1800. |
| Silver LBMA Spot | A mild recovery may be seen if $18.50 hold the downside. A direct break above $21 would negate the broad bearish outlook. |
| Crude Oil NYMEX | As prices stay above $94 there are chances of recovery upticks for day. A direct drop below $85 is a major sign of liquidation pressure |
MCX Technical Commentary Outlook
| Gold KG Oct | Expect recovery upticks while prices stay above Rs 51200. However, major resistance is seen at Rs 52700. |
| Silver KG Sep | If the support of Rs 55000 hold downside expect an upside turnaround for the day. A direct dip below is a sign of major weakness. |
| Crude Oil Sep | Upticks can be seen initially. Meanwhile, a direct drop below Rs 6850 would trigger major liquidation pressure. |
| Natural Gas Aug | Bullish outlook would continue while it says above Rs 690. Meanwhile, consistent trades below Rs 650 is a sign of weakness. |
| Copper Aug | Mild upticks can be seen as long as the support of Rs 660 remains undisturbed. A direct break of which would trigger selling pressure. |
| Nickel Aug | Volume less trades inside Rs 1880-2400 levels likely to continue in near future. |
| Zinc Aug | Upticks may continue if prices are unable to break the support of Rs 310. However key resistance is seen at R320. |
| Lead Aug | Choppy with mild positive bias expected initially. Consistent trades below Rs 182 is a sing of weakness. |
| Aluminium Aug | Expect a rangebound trading initially. A direct break of the support of Rs 208 is a sign of liquidation pressure. |
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)
(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ, ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)
