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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 26 August 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Choppy trading expected initially with mild negative bias. 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

Recovery upticks expected while the support of $88 remains undisturbed the day. A direct drop below $85 is a major sign of liquidation pressure.

Gold KG Oct

A range bound trade inside Rs 52200-51000 expected initially and breaking any of the sides would suggest fresh directional moves.

Silver KG Sep

A direct break of Rs 54000 would continue selling pressure. Else, there are chances of recovery upticks.

Crude Oil Sep

Further weakness is seen only a drop below Rs 6850. Else, recovery upticks are on cards for the day.

Natural Gas Sep

A direct break of Rs 758 would continue rallies for the day. Else, there are chances of selling pressure.

Copper Sep

A direct break above Rs 680 would trigger further rallies in the counter. Otherwise corrective selling pressure is on cards.

Nickel Sep

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

Zinc Sep

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

Lead Sep

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

Aluminium Sep

A tight range bound trading inside Rs 214-210 expected initially and breaking any of the sides would suggest fresh directional moves.

 

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