Intraday Technical Outlook 19 October 2021 - Geojit Financial
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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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