01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 25 August 2022 - Geojit Financial Services
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Gold LBMA Spot

Recovery upticks to continue the day. However, short term upside turn around point is placed at $1800.

Silver LBMA Spot

A mild recovery may be seen if $18.50 hold the downside. A direct break above $21 would negate the broad bearish outlook.

Crude Oil NYMEX

As prices stay above $94 there are chances of recovery upticks for day. A direct drop below $85 is a major sign of liquidation pressure.

Gold KG Oct

Expect recovery upticks while prices stay above Rs 51200. However, major resistance is seen at Rs 52700.

Silver KG Sep

If the support of Rs 55000 hold downside expect an upside turnaround for the day. A direct dip below is a sign of major weakness.

Crude Oil Sep

Upticks can be seen initially. Meanwhile, a direct drop below Rs 6850 would trigger major liquidation pressure.

Natural Gas Aug

Bullish outlook would continue while it says above Rs 690. Meanwhile, consistent trades below Rs 650 is a sign of weakness.

Copper Aug.

Mild upticks can be seen as long as the support of Rs 660 remains undisturbed. A direct break of which would trigger selling pressure.

Nickel Aug

Volume less trades inside Rs 1880-2400 levels likely to continue in near future.

Zinc Aug

Upticks may continue if prices are unable to break the support of Rs 310. However key resistance is seen at R320.

Lead Aug.

Choppy with mild positive bias expected initially. Consistent trades below Rs 182 is a sing of weakness.

Aluminium Aug

Expect a rangebound trading initially. A direct break of the support of Rs 208 is a sign of liquidation pressure.

 

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