03-03-2022 10:35 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 03 March 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

While prices stays above $1900 it may continue with 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 $105. A close below the support of $94 is a sign of trend reversal.

Gold KG Apr

Choppy trading with mild positive bias expected as long as prices stays above Rs 51000. Downside turnaround point is seen at Rs 49200.

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 7200

Natural Gas Mar

Prices needs to break and sustain above Rs 366 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

Recovery upticks remain on cards for the day. Immediate downside reversal point is placed at Rs 1850.

Zinc Mar

Bullish rallies to continue while prices stays above Rs 315. However a direct drop below Rs 304 is an immediate sign of weakness.

Lead Mar

Inability to trade consistently above Rs 190 there are potential selling pressure. A direct rise above the same is a sign of short term bullish signal.

Aluminium Mar

Bullish outlook likely to continue while prices stays above Rs 275. Downside reversal point is placed at Rs 266.

 

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