Intraday Technical Outlook 1 February 2022 - Geojit Financial Services
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Gold LBMA Spot
A direct break below $1780 would trigger further selloffs in the counter. Else, a choppy trading is on the cards for the day.
Silver LBMA Spot
Recovery upticks are possible as long as the support of $21.40 remain undisturbed. A direct drop below the same is a major liquidation signal.
Crude Oil NYMEX
There are more potential upside while it stays above $88. A direct drop below $86 corrective selloffs are likely for the day.
Gold KG Feb
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
Recovery upticks can be seen if it closes above Rs 62200. Else, there are choppy with mild negative session expected the day.
Crude Oil Feb
Rallies may continue while it stays above Rs 6380. Break below Rs 6200 would negate the bullish outlook and take prices lower
Natural Gas Feb
Upticks likely to continue as long as the support of Rs 348 restrict further downside. Major resistance is seen at Rs 404.
Copper Feb
Inability to trade higher above Rs 762 would extend weakness. Else, recovery upticks are on cards for the day.
Nickel Feb
Choppy trading expected initially inside Rs 1715- 1665 levels and breaking either the sides would suggest fresh direction for the day.
Zinc Feb
Break above Rs 300 is needed to continue rallies. If unable to do so, choppy trading is on cards for the day.
Lead Feb
Major support is seen at 184.50. a direct break of which would trigger sharp liquidation pressure. Else, there are chances of recovery upticks.
Aluminium Feb
Inability to move past Rs 250 there are potential selling pressure for the day. A direct rise above would trigger further rallies.
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