09-01-2022 01:21 PM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 01 September 2022 - Geojit Financial Services
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Gold LBMA Spot

Weak bias to continue while prices stay below $1720. Upside turnaround point is placed at $1770

Silver LBMA Spot

Intraday trend remains on the bearish side as long as it placed below $18.50. Recovery upticks can be seen only a break above $19.80.

Crude Oil NYMEX

Choppy trading expected initially. An unexpected drop below $88 is a sign of major weakness.

Gold KG Oct

Selling pressure may continue while prices stay below the resistance of Rs 51200. Major resistance is seen at Rs 52200.

Silver KG Sep

Expect a gap down opening and would trigger selling pressure the day. Turnaround is expected only above Rs 55000.

Crude Oil Sep

While prices stay below Rs 7200 there are chances of selling pressure to continue the day. A direct rise above Rs 7600 is a turnaround signal.

Natural Gas Sep

Prices remain choppy inside Rs 780-715 and breaking any of the sides would suggest fresh directional moves for the day.

Copper Sep

A direct break below Rs 656 would trigger liquidation pressure. Else, recovery moves expected the day.

Nickel Sep

Volume less trades inside Rs 1720-2250 levels likely to continue in near future.

Zinc Sep

Selling pressure to continue while prices stay below Rs 315. Major resistance is seen at Rs 320.

Lead Sep

Expect weakness in the counter the day. Upticks are seen only a break above Rs 182.

Aluminium Sep

Prices needs to break the support of Rs 206 to trigger further major liquidation. Else, there are chances a choppy trading the day.

 

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