Intraday Technical Outlook 14 October 2021 - Geojit Financial
Gold LBMA Spot
Upticks likely to continue as long as it hold the support of $1745. Anyhow, immediate resistance is seen at $1800.
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
Though the broad outlook remains on the positive bias, Initial bias likely to be choppy but a break of $79.50 would extend corrective selling pressure.
Gold KG Oct
Expect buying momentum to continue while prices stay above 46200.
Silver KG Dec
Consistent trades above 63500 is needed to extend positive bias. Else, there are chances of choppy trading for the day.
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
Rallis to continue the day while the support of 738 remain undisturbed.
Nickel Oct
If the support of 1465 remain hold there are potential upside for the day. A close below 1430 is a weak signal.
Zinc Oct
If the support of 278 hold, expect rallies for the day. Else expect corrective selling.
Lead Oct
Prices remain choppy with negative bias. A direct drop below 179 is a liquidation signal.
Aluminium Oct
Expect a range bound trade inside 248-244 levels initially and breaking any of the sides would suggest fresh direction for the day.
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