09-08-2021 09:38 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 08 September 2021 - Geojit Financial
News By Tags | #473 #4943

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Gold LBMA Spot

Braking $1835 is needed to continue further rallies for the day. Else, there are chances of corrective selling pressure.

 

Silver LBMA Spot

Recovery upticks may continue while prices stay above $23.70. A direct drop below the same is a sign of weakness.

 

Crude Oil NYMEX

Expect a choppy trading inside $70-67.50 levels initially and breaking either the sides would suggest fresh direction for the day

 

Gold KG Oct

A direct drop below 46600 may extend the selling pressure for the day. Else, there are chances of recovery upticks.

 

Silver KG Sep

Consistent trades above 64000 will continue rallies in near future. A direct drop below 61500 is a weak signal.

 

Crude Oil Sep

Choppy trend likely to continued as long as the support of 4910 remain undisturbed.

 

Natural Gas Sep

If unable to break 345 expect corrective selling for the day. A direct rise above the same would take prices further highs.

 

Copper Sep

If unable to trade above 718 weak sentiments to continue in the counter. Else, rallies expected the day.

 

Nickel Sep

While prices sustain above 1454 there are chances of rallies to continue the day. A close below the same is a weak signal.

 

Zinc Sep

Inability to break 246 there are chances of rallies for the day. A direct drop below the same may see choppy with negative sentiment.

 

Lead Sep

Positive bias may continue while prices stay above 180. A direct drop below 177 is a sign of weakness.

 

Aluminium Sep

Rallies would continue as long as 212 remain hold the downside. A clos below 209 may trigger corrective selling pressure.

 

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