Commodity Intraday Technical Outlook 29 August 2022 - Geojit Financial Services
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/1daa2a6ddcd9f3b5de7188fb0ec3c99f.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Gold LBMA Spot
If the immediate resistance of $1772 remains caps the upside, expect weak bias to continue the day. Major upside turn around point is placed at $1800.
Silver LBMA Spot
Intraday bias most likely to be negative. A direct dip below $18.50 would extend the liquidation pressure. Break above $21 would negate the view.
Crude Oil NYMEX
A mild turnaround in prices can be seen if the support of $88 remains undisturbed. A direct drop below $85 is a major sign of liquidation pressure.
Gold KG Oct
A direct break below Rs 51900 would extend the selling pressure. Else, there are chances of mild upticks for the day
Silver KG Sep
A direct break of Rs 54000 would continue selling pressure. Else, there are chances of recovery upticks.
Crude Oil Sep
Choppy trading expected initially. However, further major weakness is seen only a drop below Rs 6850.
Natural Gas Sep
If unable to break Rs 770 corrective selling pressure is on cards for the day. An unexpected rise above the same is a sing of further rallies.
Copper Sep
Further rallies are seen only a break above Rs 690. Else, expect corrective selloffs for the day.
Nickel Sep
Volume less trades inside Rs 1720-2250 levels likely to continue in near future.
Zinc Sep
A direct break above Rs 330 would continue rallies. Else, corrective selloffs expected the day.
Lead Sep
Choppy trading expected initially. Consistent trades below Rs 178 is a sign of weakness.
Aluminium Sep
If unable to move past Rs 210 there are chances of recovery upticks. A direct dip below the same is a weak signal.
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
![](https://portfolio.investmentguruindia.com/uploads/news/stock market 1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/PMModi025.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Health Tourism_3486.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/aug25v31_lIz3ov6.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/soyabean25.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Samsung25.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Piramal Enterprises Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Muthoot Finance ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/PiyushGoyal25.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Samvardhana Motherson International Ltd.jpg)