Intraday Technical Outlook 16 September 2021 - Geojit Financial
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Gold LBMA Spot
If the support of $1770 remain hold, chances of recovery upticks are still on cards. A direct drop below the same would call for corrective selling.
Silver LBMA Spot
A mild positive bias is likely as long as prices stay above $23.40. However, major rallies are seen only a close above $24.60.
Crude Oil NYMEX
Initial dips are likely but there are chances of continuation of rallies later. Immediate downside reversal point is seen at $67.40.
Gold KG Oct
If the support of 46600 remains hold expect continuation of positive bias. Else, may see weak bias for the day.
Silver KG Sep
Prices needs to break above 64000 to continue rallies in near future. A direct drop below 61500 is a weak signal.
Crude Oil Sep
Buying momentum likely to continue while prices stay above 5240. A close below 5120 is a weak signal.
Natural Gas Sep
Bullish rallies would extend as long as the support of 378 remain undisturbed. A close below 360 is a weak signal.
Copper Sep
Choppy trading inside 740-718 levels expected initially. Breaking either the sides would suggest further direction for the day
Nickel Sep
Rangebound with negative bias is likely as long as prices stay below 1528.
Zinc Sep
Prices needs to break 256 to continue rallies the day. Else, expect a choppy trading.
Lead Sep
If the support of 185 remain undisturbed expect rallies for the day. A direct drop below the same is a weak signal.
Aluminium Sep
Corrective selloffs are expected initially but may find support near 224 and turn higher later.
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