09-03-2021 12:17 PM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 03 September 2021 - Geojit Financial
News By Tags | #473 #4943

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Gold LBMA Spot

If it sustains above $1800 there are chances of recovery rallies for the day. A direct drop below $1780 may trigger selling pressure.

 

Silver LBMA Spot

Choppy trading remain on cards initially. A direct break above $24.20 would extend the momentum for the day. Consistent trades below $23 is a sign of weakness.

 

Crude Oil NYMEX

Prices required to break $70 to continue rallies. Else, there are chances of choppy trading for the day.

 

Gold KG Oct

While prices stay above 46600 there are chances of further upticks. A close below the same is a liquidation signal.

 

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

Positive trend likely to continued as long as the support of 4960 remain undisturbed.

 

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

Recovery upticks may be seen 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

Prices continue to be range bound inside 182-177 regions and breaking any of the sides would suggest fresh direction of the commodity.

 

Aluminium Sep

Positive bias likely to extend as long as it stays above 209.

 

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