Intraday Technical Outlook 11 February 2022 - Geojit Financial Services
Gold LBMA Spot
Inability to break the support of $1810 there are chances of choppy with mild positive bias trading expected the day. Immediate downside turnaround point is at$1780.
Silver LBMA Spot
Chances of corrective selling pressure is on cards. A direct break below $21.40 would trigger major selling pressure.
Crude Oil NYMEX
Positive bias likely to continue as long as prices stays above $88. A close below $86 is a sign of weakness
Gold KG Apr
f unable to break Rs 49000 there are chances of corrective selling. A direct lift above the same would continue rallies.
Silver KG Mar
Consistent trades above Rs 62800 is needed to continue rallies. A close below Rs 60100 is a major liquidation signal.
Crude Oil Feb
Expect a choppy trade inside Rs 6950-6480 levels initially and breaking either the sides would suggest fresh short term direction.
Natural Gas Feb
Inability to break above Rs 320 there are potential selling pressure is on cards. Anyhow major support tis seen at Rs 278
Copper Feb
While above Rs 762 may extend rallies. Break below Rs 748 is an early signal of corrective selling.
Nickel Feb
If the support of Rs 1710 remain undisturbed expect recovery upticks. A close below the same is a major liquidation signal.
Zinc Feb
While prices stays above Rs 300 bullish rallies would continue the day. Consistent trades below Rs 292 is a weak signal.
Lead Feb
Expect weakness to continue while it stays below Rs 186. Anyhow major support is seen at Rs 180.
Aluminium Feb
Broad outlook still on the positive bias, but consistent trades below Rs 255 would trigger corrective selling pressure.
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