Intraday Technical Outlook 04 March 2022 - Geojit Financial Services
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
Positive outlook likely to continue as long as prices stays above Rs 51000. Downside turnaround point is seen at Rs 49200.
Silver KG Mar
Consistent trades above Rs 66000 may edge prices higher. A close below Rs 61500 is an immediate reversal signal.
Crude Oil Mar
Bullish outlook to continue the day while prices stays above Rs 7800. Immediate downside reversal point is seen at Rs 7200.
Natural Gas Mar
Prices needs to break and sustain above Rs 375 to continue major rallies. Else, there are chances of weak momentum.
Copper Mar
Inability to break the support of Rs 802 bullish outlook remain intact. A close below 792 is a sign of weakness.
Nickel Mar
Bullish bias remain on cards for the day. Immediate downside reversal point is placed at Rs 1920.
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
Prices continue to stay bullish as long as the support of Rs 289 remains undisturbed. Downside reversal point is placed at Rs 266.
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