Intraday Technical Outlook 10 March 2022 - Geojit Financial Services
Gold LBMA Spot
Though broad bullish outlook remains intact, a volatile with mild negative bias trading session is on cards for the day. Consistent trades below $1880 would negate our bullish expectations.
Silver LBMA Spot
Corrective selling is likely initially, but inability to move past $25 there are potential recovery upticks later.
Crude Oil NYMEX
An extreme volatile session ahead. Breaking the immediate support of $105 would call for a technical correction.
Gold KG Apr
A direct dip below Rs 52000 would extend the selling pressure. Anyhow major downside turnaround point is seen at Rs 49200.
Silver KG May
Intraday outlook continuous to be volatile with mild negative bias. Further rallies can be seen only a break above Rs 71000.
Crude Oil Mar
Directionless trades are in cards but, inability to move past Rs 8000 it may stick with mild positive bias. A close below the same is a an early selling signal.
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 800 positive 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
If unable to move past Rs 315 recovery upticks are on cards. A direct fall below Rs 302 is a weak signal.
Lead Mar
Choppy with negative bias trading is on cards. A direct break above Rs 191 would lift prices further higher.
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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