Intraday Technical Outlook 09 March 2022 - Geojit Financial Services
Gold LBMA Spot
Bullish rallies may continue while prices stay above $2000. Meanwhile, consistent trades below $1880 would negate the view.
Silver LBMA Spot
Expect choppy with positive bias as long as it stays above $25.20. Trend reversal point is seen at $23.
Crude Oil NYMEX
Bullish outlook likely to continue the day. 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 53000. Downside turnaround point is seen at Rs 49200.
Silver KG Mar
Intraday outlook continuous to be positive as long as the support of Rs 69000 remain undisturbed. A close below Rs 65000 is an immediate reversal signal.
Crude Oil Mar
Expect choppy trades with more upside potential. Immediate downside reversal level is seen at Rs 7700.
Natural Gas Mar
A direct drop below Rs 346 would continue selling pressure. Else, there are chances of recovery upticks.
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
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
Corrective selloffs are likely while prices stays below Rs 290. Further rallies are seen only a break above Rs 305.
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