09-07-2021 09:32 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 07 September 2021 - Geojit Financial
News By Tags | #473 #4943

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Gold LBMA Spot

Breaking $1835 is needed to continue further rallies in the counter. Else, there are chances of corrective selling pressure.

 

Silver LBMA Spot

If $ the support of $23.70 remain undisturbed expect rallies for the day. A direct drop below the same is a sign of weakness.

 

Crude Oil NYMEX

Choppy with mild upticks maybe seen today. A direct drop below $67 is a sign of weakness.

 

Gold KG Oct

While prices stay above 46600 there are chances of further upticks. A close below the same is a liquidation signal.

 

Silver KG Sep

Consistent trades above 64000 may continue rallies in near future. A direct drop below 61500 is a weak signal.

 

Crude Oil Sep

Choppy with recovery upticks may continue as long as the support of 4910 remain undisturbed.

 

Natural Gas Sep

Bullish outlook to continue while prices stay above 318. A close below 303 is a sign of further weakness.

 

Copper Sep

If unable to trade above 718 weak sentiments to continue in the counter. Else, rallies expected the day.

 

Nickel Sep

Initial dips are possible but later a turnaround is possible.

 

Zinc Sep

Expect a choppy trading inside 246-249 levels and breaking any of the sides would suggest fresh direction for the commodity.

 

Lead Sep

Positive bias may continue while prices stay above 180. A direct drop below 177 is a sign of weakness.

 

Aluminium Sep

Rallies would continue as long as 212 remain hold the downside. A clos below 209 may trigger corrective selling pressure.

 

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