IGI Logo

Gold LBMA Spot

A direct break below $1680 would continue liquidation pressure. Else, there are chances of mild recovery upticks.

Silver LBMA Spot

Broad outlook remains on the weaker side. However inability to break the support of $17.40 there are chances of mild recovery.

Crude Oil NYMEX

If unable to move past $88 expect weakness to continue the day. Recovery upticks expected only a break above $91.

Gold KG Oct

A direct break of Rs 49950 is needed to continue liquidation pressure. Else, choppy with mild recovery bias is on the cards for the day.

Silver KG Nov

While prices stay above Rs 52500 there are chance of mild recovery initially. A direct break of which would extend liquidation moves.

Crude Oil Sep

A direct break of Rs 6800 would extend selling pressure. Else, there are chances of recovery upticks for the day.

Natural Gas Sep

Expect selling pressure to continue while prices stay below Rs 680. However, major support is placed at 620.

Copper Sep

Expect a choppy trade inside Rs 650-528 levels and breaking either the sides would suggest fresh short term direction.

Nickel Sep

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

Zinc Sep

While prices stay below Rs 295 liquidation pressure may continue the day. Intraday upside turnaround point is placed at Rs 305.

Lead Sep

If the support of Rs 174 hold downside, expect recovery upticks. A direct fall below the same is a sign of weakness.

Aluminium Sep

As prices cleared the support of Rs 202 liquidation pressure may continue the day. A direct turn above 208 is a sign of recovery upticks.

To Read Complete Report & Disclaimer Click Here

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer