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Intraday Technical Outlook

Gold LBMA Spot

Prices remains rangebound with mild recovery bias. A direct drop below $1620 may extend liquidation pressure.

Silver LBMA Spot

Expect a choppy trading inside $20.10-18.20 levels initially and breaking any of the sides would suggest fresh directional moves for the day.

Crude Oil NYMEX

Prices most likely held inside $90-82 levels initially and any of the sides breakout would suggest fresh short term direction.

Gold KG Dec

Immediate resistance of Rs 51500 needs to be cleared for continuation of uptrend. Inability to move past the same expect choppy with mild negative bias.

Silver KG Dec

Consistent trades above Rs 58800 would trigger recovery upticks. Else, there are chance of corrective selling pressure.

Crude Oil Nov

Stiff resistance is placed at Rs 7400 which needs to be cleared for continuation of upticks. Else, expect a corrective selling pressure for the day.

Natural Gas Nov

Corrective selloffs expected initially as long as Rs 510 caps the upside. However major support is seen at Rs 440.

Copper Nov

Choppy trading inside Rs 670-635 levels remains on cards and breaking any of the sides would suggest fresh directional moves.

Nickel Nov

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

Zinc Nov

A direct break above Rs 276 is needs to continue rallies. Else, there are chances of choppy with corrective selling pressure.

Lead Nov

Intraday resistance at Rs 181 that needs to be cleared for recovery upticks. Else, weak bias to continue the day.

Aluminium Nov

A direct break above Rs 205 would lift prices higher. Else, weak bias likely to continue the day.

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