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Intraday Technical Outlook

Gold LBMA Spot

Choppy trading with mild recovery bias expected initially. A direct drop below $1600 would liquidate prices further.

Silver LBMA Spot

A direct break above $19.20 may extend recovery upticks. Meanwhile, an unexpected dip $17.60 would extend liquidation pressure.

Crude Oil NYMEX

Intraday bias continue to be choppy inside $88-81.50 levels and breaking any of the sides would suggest fresh directional moves.

Gold KG Dec

Immediate upside turnaround point is placed at Rs 51500. Inability to move past the same expect choppy with mild negative bias.

Silver KG Dec

Liquidation pressure would extend only a break below Rs 54800. Inability to do so may see recovery upticks.

Crude Oil Oct

Choppy with mild upticks are likely if the support of Rs 6900 hold the downside. Major rallies are expected only a break above Rs 7280.

Natural Gas Oct

Liquidation pressure may extend while prices stay below Rs 480. A direct rise above Rs 520 is a recovery sign.

Copper Oct

Prices remain choppy inside Rs 660-630 levels and breaking any of the sides would suggest fresh directional move for the day.

Nickel Oct

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

Zinc Oct

Recovery upticks are likely as long as the support of Rs 270 hold the downside. Consistent trades above Rs 276 is a sign of reversal.

Lead Oct

Break above Rs 185 expect recovery upticks. An unexpected drop of Rs 178 is a sign of liquidation pressure.

Aluminium Oct

Prices remain congested inside Rs 210-194 levels and either side breakout would suggest fresh short term direction.

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