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Published on 17/09/2021 12:20:20 PM | Source: Geojit Financial Services Ltd

Intraday Technical Outlook 17 September 2021 - Geojit Financial

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

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Gold LBMA Spot

While prices stay below $1770, expect weakness to continue the day. Further rallies are seen only a close above $1815.

Silver LBMA Spot

A direct break of $22.50 liquidation pressure would extend the day. Immediate turnaround point is at $25.

Crude Oil NYMEX

Break above $73 bullish sentiments will extend the day. Immediate downside reversal point is seen at $67.40.

 

Gold KG Oct

Weak sentiments to continue if it further break the support of Rs 45600. Else, there are chances of recovery upticks.

 

Silver KG Sep

Immediate support is seen at Rs 60000, break of which rallies would continue the day. Else, recovery upticks are on cards.

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 735-718 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

Break 256 would trigger further rallies. Else, there are chances of corrective selling for the day.

 

Lead Sep

If the support of 185 remain undisturbed expect recovery upticks. A direct drop below the same is a weak signal.

Aluminium Sep

Support of 225 if undisturbed expect rallies for the day. Else, corrective selloffs are likely for the day.

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