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02-03-2022 01:26 PM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 03 February 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Consistent trades above $1810 would trigger further rallies in the counter. Else, a choppy trading is on the cards for the day.

Silver LBMA Spot

Recovery upticks are possible as long as the support of $21.40 remain undisturbed. A direct drop below the same is a major liquidation signal.

Crude Oil NYMEX

Expect a volatile trade inside $90-86 levels initially and breaking any of the sides would suggest fresh short term direction.

Gold KG Feb

Choppy with mild upside bias expected as long as the support of Rs 47200 hold downside. However, major resistance is seen at Rs 49000.

Silver KG Mar

Corrective selloffs are likely if it unable to move past Rs 62300. A close below Rs 60100 is a major liquidation signal.

Crude Oil Feb

Rallies may continue while it stays above Rs 6380. Break below Rs 6200 would negate the bullish outlook and take prices lower.

Natural Gas Feb

Bullish outlook remains intact as long as it hold the support of Rs 388. Immediate trend reversal point is placed at Rs 348.

Copper Feb

Break above Rs 762 would trigger further rallies. Else, there are chances of choppy with mild negative bias trading.

Nickel Feb

Choppy trading expected initially inside Rs 1740- 1665 levels and breaking either the sides would suggest fresh short term direction.

Zinc Feb

Break above Rs 300 is needed to continue rallies. If unable to do so, choppy trading is on cards for the day.

Lead Feb

Major support is seen at 184 consistent trades below would trigger sharp liquidation pressure. Else, there are chances of recovery upticks.

Aluminium Feb

Inability to move past Rs 250 there are potential selling pressure for the day. A direct rise above the same would trigger further rallies.

 

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