MENU

Published on 5/03/2021 11:18:28 AM | Source: Geojit Financial Services Ltd

Intraday Technical Outlook 05 March 2021 - Geojit Financial

Posted in Commodities Reports| #Commodity Tips #Geojit Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Gold Mini Mar/ LBMA Spot Gold

Liquidation pressure may continue as long as prices stay below the support of $1760. Immediate downside targets are seen at $1670 followed by $1620. A direct turn above $1820 is required to negate the view and take prices higher. Gold mcx Mar: Res at 46450. Sup: 43880.

 

Silver Mini Apr/ LBMA Spot Silver

Inability to break above $26 intraday bias will be on the downside with supports seen at $25/24 levels. However, a direct break of $23.40 is required to extend the momentum. MCX Silver Apr: Res at Rs 68200. Sup: 63800.

 

Copper Mar

As prices cleared the support of 688 there are chances of continuation of selling momentum. A close above 702 can negate the view and take prices higher.

 

Nickel Mar

Weak bias may continue while prices stay below the support of 1230. Anyhow major downside obstacle is placed at 1140.

 

Lead Mar

Expect a choppy with negative trading as long as 168 caps the upside. A direct drop below 160 is an another round of selling signal.

 

Zinc Mar

Selloffs may continue the day as prices stay below 220. Immediate trend reversal point is placed at 225.

 

Aluminium Mar

If 174 remain capped the upside, expect selling pressure to continue the day. A direct turn above 177 is a reversal signal.

 

MCX Crude Oil Mar/NYMEX Crude Mar

Bullish outlook remain intact as long as $59 hold the downside. Next upside targets are seen at $65/67 immediately followed by $72. A close below $58 is a signal of reversal of the current momentum. MCX Mar: Res at Rs 4820 / Support: Rs 4390.

 

Natural Gas Mar

If the resistance of 202 remain capped, there are chances of selling pressure for the day. Major resistance is seen at 209.

 

To Read Complete Report & Disclaimer Click Here

 

Please refer disclaimer at www.geojit.com
SEBI Registration number is INH200000345

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer

marsbahis marsbahis marsbahis marsbahis
1xbet 1xbet bahisno 1 bahsegel slot oyna ecopayz güvenilir bahis siteleri canlı bahis siteleri iddaa marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis restbet canlı skor süperbahis mobilbahis