Intraday Technical Outlook 1 October 2021 - Geojit Financial
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Gold LBMA Spot
Trend remains choppy with negative bias as long as it stays below $1760.
Silver LBMA Spot
Inability to move past $23.10 expect weak bias to continue the day. Else, recovery rallies are possible.
Crude Oil NYMEX
Bullish rallies to continue while prices stay above $71. Immediate reversal point is placed at $69.50
Gold KG Oct
Prices continue to be choppy initially. A direct drop below the support of Rs 45700 would extend liquidation
Silver KG Dec
Weak bias likely to extend in the counter. Immediate upside reversal point is at 61500.
Crude Oil Oct
If the support of 5480 remain undisturbed expect rallies to continue the day. A direct drop below the same may extend selloffs.
Natural Gas Oct
Range bound trading inside 692-712 levels are expected initially and breaking any of the sides would suggest fresh direction for the commodity.
Nickel Oct
A direct lift above 1418 may extend rallies. Else, there are chances of corrective selling for the day.
Zinc Oct
Corrective selloffs are likely as long as prices stay below 252. A close above 258 is a bullish sign.
Lead Oct
Consistent trades below 185 expect to trigger corrective selling pressure. Rallies above 195 may negate the view
Aluminium Oct
While prices stay below 232 liquidation pressure is likely in the counter. A direct rise above 236 could negate the view.
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