Intraday Technical Outlook 09 February 2022 - Geojit Financial Services
Gold LBMA Spot
While prices stays above $1810 expect to continue rallies in the counter. Else, a choppy trading is on the cards for the day.
Silver LBMA Spot
Chances of recovery upticks are on cards. A direct break below $21.40 would trigger further selling pressure.
Crude Oil NYMEX
Expect a choppy with mild positive bias as long as prices stays above $88. A close below $86 is a sign of weakness.
Gold KG Apr
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
Break above Rs 62300 is needed to continue rallies. A close below Rs 60100 is a major liquidation signal.
Crude Oil Feb
Recovery upticks are on cards while prices stays above Rs 6420. A close below Rs 6200 is a weak signal.
Natural Gas Feb
Expect a range bound trade inside Rs 332-302 levels initially and breaking any of the sides would suggest fresh short term direction.
Copper Feb
Break above Rs 762 would trigger further rallies. Else, there are chances of choppy with mild negative bias trading.
Nickel Feb
If the support of Rs 1710 remain undisturbed expect recovery upticks. A close below the same is a major liquidation signal.
Zinc Feb
While prices stays above Rs 300 bullish rallies would continue the day. Consistent trades below Rs 292 is a weak signal.
Lead Feb
Expect weakness to continue while it stays below Rs 186. Anyhow major support is seen at Rs 180.
Aluminium Feb
Buying momentum may continue while prices stays above 248. A close below the support of Rs 239 is a sign of weakness.
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