03-08-2022 09:25 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 08 March 2022 - Geojit Financial Services
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Gold LBMA Spot

Bullish outlook remain intact if the support of $1920 restrict further downside moves. Meanwhile, consistent trades below $1880 would negate the view

Silver LBMA Spot

Expect a choppy with mild positive bias as long as it stays above $25.20. Trend reversal point is seen at $23

Crude Oil NYMEX

Outlook remain bullish with prices having potential to create new highs. Breaking the immediate support of $105 would call for a technical correction.

Gold KG Apr

Bullish rallies would continue as long as prices stays above Rs 52000. Downside turnaround point is seen at Rs 49200

Silver KG Mar

Prices continue to move higher as long as the support of Rs 66000 remain undisturbed. A close below Rs 61500 is an immediate reversal signal.

Crude Oil Mar

Expect choppy trades with upside potential. Immediate downside reversal level is seen at Rs 7800.

Natural Gas Mar

Consistent trades below Rs 370 would correct prices lower. A direct rise above Rs 378 it may continue rallies.

Copper Mar

Inability to break the support of Rs 820 bullish outlook remain intact. A close below 792 is a sign of weakness.

Nickel Mar

Choppy trades with corrective selloffs are in cards initially. A direct rise above Rs 3840 would take prices further high.

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

A direct break below Rs 186 would trigger selling pressure. Else, expect a choppy trading for the day.

Aluminium Mar

Inability to move Rs 290 there recovery upticks for the day. Consistent trades below the same would trigger corrective selloffs.

 

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