Intraday Technical Outlook 02 September 2021 - Geojit Financial
Gold LBMA Spot
Choppy trade expected initially and if it sustains above $1800 there are chances of recovery rallies in cards. A direct drop below $1780 would trigger further selling pressure.
Silver LBMA Spot
While prices stay above $23.90 would lift prices further higher. Else, there are chances of range bound trading for the day.
Crude Oil NYMEX
Prices required to break $70 to continue rallies. Else, there are chances of choppy with mild negative bias trading for the day.
Gold KG Oct
While prices stay above 47000 there are chances of recovery upticks for the day. A close below 46600 would trigger further liquidation.
Silver KG Sep
Consistent trades above 64000 is an early signal of further rallies. Likewise, a drop below 61500 is a weak signal.
Crude Oil Sep
A direct drop below 4960 selling pressure may continue. Else, there are chances of range bound trading for the day.
Natural Gas Sep
Bullish outlook to continue while prices stay above 318. A close below 303 is a sign of further weakness.
Copper Sep
If unable to trade above 716 weak sentiments to continue in the counter. Else, rallies expected. day.
Nickel Sep
Choppy with mild positive bias expected initially. Further weakness is seen only a break of 1416.
Zinc Sep
While prices stay below 246 weakness may continue the day. Further rallies are seen only a close above 249.
Lead Sep
If 182 remain caps the upside, expect selling pressure in the counter. A direct break of 182 is a bullish signal.
Aluminium Sep
Positive bias likely to extend as long as it stays above 209.
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
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
More News
Sell Gold FEB @ 63800 SL 64000 TGT 63500-63200. MCX - Kedia Advisory