09-02-2021 01:05 PM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 02 September 2021 - Geojit Financial
News By Tags | #473 #4943

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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.

 

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