Intraday Technical Outlook 14 March 2022 - Geojit Financial Services
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Gold LBMA Spot
While prices stays below $2000 expect a volatile with mild negative bias trading session for the day. Consistent trades below $1880 is a downside reversal signal.
Silver LBMA Spot
Corrective selling is likely initially, but inability to move past $25 there are potential recovery upticks later.
Crude Oil NYMEX
Inability to break the immediate support of $105 would call for recovery upticks for the day. Else, expect a choppy with mild negative trading session
Gold KG Apr
A direct dip below Rs 52000 would extend the selling pressure. Otherwise there are chances of mild positive bias for the day. Anyhow, major downside turnaround point is seen at Rs 49200.
Silver KG May
A direct break below Rs 69000 prices would decline further. Major 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
Choppy with mild negative bias is on cards initially. A direct drop below Rs 341 is a weak signal.
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
Weakness may continue the day as well. A direct rise above Rs 3078 would take prices further high.
Zinc Mar
Range bound with mild positive trading session is expected the day. A direct fall below Rs 302 is a weak signal.
Lead Mar
Corrective selling pressure may continue while prices stay below Rs 191. Anyhow major support is seen at Rs 180.
Aluminium Mar
Choppy with mild positive bias expected initially. A direct drop below Rs 270 is a bearish signal.
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