Intraday Technical Outlook 12 October 2021 - Geojit Financial
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Gold LBMA Spot
Prices remain choppy in a tight range initially, but there are potential upside as long as it hold the support of $1745.
Silver LBMA Spot
Inability to move past $23.10 expect choppy with weak bias for the day. A direct rise above recovery rallies are possible.
Crude Oil NYMEX
Dips to $79 if hold the downside, expect to reemerge bullish rallies in the counter. Immediate reversal point is placed at $73.
Gold KG Oct
Prices continue to be choppy initially, but consistent trades above 46200 there are chances of recovery upticks.
Silver KG Dec
Price needs to break 62300 to trigger rallies. Else, expected weak bias but major selling can be seen only a break of 58000.
Crude Oil Oct
Bullish rallies would continue as long as the support of 5980 remain undisturbed.
Natural Gas Oct
A direct drop below 404 would trigger selling pressure. Else, there are chances of recovery upticks for the day.
Copper Oct
Choppy with mild upticks can be seen if 718 hold the downside. A direct drop below 692 is a reversal signal
Nickel Oct
Consistent trades above 1500 is required to continue rallies. Else there are chances of corrective selling pressure.
Zinc Oct
If the support of 263 hold, expect rallies for the day. Else weak bias are in cards.
Lead Oct
Recovery moves can be seen as long as 180 hold the downside. A direct drop below 179 is a weak signal.
Aluminium Oct
Consistent trades above 245 is needed to trigger further rallies. Else, there are chances of corrective selling pressure for the day.
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