Intraday Technical Outlook 02 March 2022 - Geojit Financial Services
Gold LBMA Spot
While prices stays above $1900 it may continue bullish outlook for the day. Meanwhile, consistent trades below $1880 would negate the view.
Silver LBMA Spot
A direct rise above $25.60 would lift prices further higher. Otherwise choppy trading is on cards . Trend reversal point is seen at $23.
Crude Oil NYMEX
Bullish outlook to continue while prices stays above $96. A close below the support of $88 is a corrective selling signal.
Gold KG Apr
A direct dip below Rs 49200 would negate the present bullish outlook and take prices lower. Else, expect to continue the bullish outlook.
Silver KG Mar
While prices stays above Rs 66000 expect positive bias to continue the day. A close below Rs 61500 is an immediate reversal signal.
Crude Oil Mar
Bullish outlook to continue the day while prices stays above Rs 7500. Immediate reversal point is seen at Rs 6700.
Natural Gas Mar
Prices needs to break and sustain above Rs 358 to continue rallies. Else, there are chances of weak momentum.
Copper Mar
Though bullish outlook remain in cards it needs to break 792 to continue the momentum. Else, choppy trading is expected the day.
Nickel Mar
Inability to move past Rs 1830 there are chance of recovery upticks. A close below Rs 1710 is a major liquidation signal.
Zinc Mar
Bullish rallies to continue while prices stays above Rs 303. However a direct drop below Rs 298 is an immediate sign of weakness.
Lead Mar
Consistent trades above Rs 187 there are potential upside for the day. A direct drop below Rs 183 is a weak signal.
Aluminium Mar
Bullish outlook likely to continue while prices stays above Rs 275. Downside reversal point is placed atr Rs 266.
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