Intraday Technical Outlook 15 March 2022 - Geojit Financial Services
Gold LBMA Spot
Corrective selloffs are likely as long as prices stay below $1880. Anyhow major downside turnaround point is placed at $1760.
Silver LBMA Spot
Inability to move past $26 there are chances of selloffs to continue the day. Major rallies are expected only a close above $27.
Crude Oil NYMEX
While prices stays below $95 weak bias to continue the day. Recovery upticks can be seen only consistent trades above $105.
Gold KG Apr
Choppy with mild negative bias trading is expected initially. Rallies above Rs 52750 is a sign of recovery rallies.
Silver KG May
Consistent trades below Rs 69000 would decline prices further. Major rallies can be seen only a break above Rs 71000.
Crude Oil Mar
Major support is placed at Rs 7400. Inability to break the same would see recovery upticks. Else, selloffs would continue the day.
Natural Gas Mar
Prices remain congested inside 360-342 levels and breaking either the sides would suggest fresh direction for the day.
Copper Mar
Selloffs would continue if prices clear the support of Rs 792. Else, choppy with recovery upticks can be seen.
Nickel Mar
Break below Rs 2745 prices would liquidate further. Otherwise mild upturn in prices is likely for the day.
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
Support is seen at Rs 182. Consistent trades below the same would liquidate further. Else there are chance of recovery rallies.
Aluminium Mar
A direct turn above Rs 280 would trigger rallies. Else, weak bias is on cards for the day.
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