01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 19 October 2021 - Geojit Financial
News By Tags | #473 #4943

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Gold LBMA Spot

Choppy with mild positive bias can be seen if it remain hold the support of $1745. Anyhow, immediate resistance is seen at $1800.

Silver LBMA Spot

An initial upticks can be seen but a break above $23.60 would extend the momentum. A direct drop below $22.20 would trigger liquidation pressure.

Crude Oil NYMEX

Choppy with mild positive bias trading expected initially. However, a direct drop below $79.50 is corrective selling signal.

Gold KG Oct

Expect choppy with mild positive bias trading while prices stays above 46200.

Silver KG Dec

Consistent trades above 63500 is needed to extend positive bias. Else, there are chances of choppy trading for the day.

Crude Oil Oct

Bullish rallies would continue as long as the support of 5980 remain undisturbed.

Natural Gas Oct

Selloffs would continue if prices are unable to move past 418. Major support is seen at 348.

Copper Oct

Break above 812 is needed to continue rallies. Else, there are chances of choppy trading for the day.

Nickel Oct

Intraday outlook remains on the positive side but expect an initial correction for the day. A direct break of 290 is a weak signal.

Lead Oct

While prices stay above 185 bullish rallies to continue the day. A close below the same is a weak signal.

Aluminium Oct

Intraday trend likely to be positive if the support of 248 remain act as a stiff downside obstacle. Anyhow major resistance is seen at 272.

 

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