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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 16 February 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Positive outlook remain intact as long as prices stay above $1840. A direct close below $1810 likely to trigger weakness.

Silver LBMA Spot

Consistent trades above $24 would trigger further rallies. Else, there are chances of choppy trading session for the day.

Crude Oil NYMEX

Prices remain volatile initially. However, inability to break the support of $88 broad positive outlook remain intact in the counter.

Gold KG Apr

Break above Rs 50000 is required to continue bullish outlook. Else, there are chances of corrective selling pressure for the day.

Silver KG Mar

Consistent trades above Rs 63600 would continue rallies. A close below Rs 61500 is a immediate reversal signal.

Crude Oil Feb

Bullish outlook remain intact while prices stays above Rs 6780. A close below Rs 6380 is a weak signal.

Natural Gas Feb

Expect a choppy trade inside Rs 335-305 levels and breaking either sides would suggest fresh directional moves for the day.

Copper Feb

While prices stays above Rs 762 would extend rallies. Else, there are chances of choppy with mild negative bias trading.

Nickel Feb

If the support of Rs 1750 remain undisturbed expect recovery upticks. A close below Rs 1710 is a major liquidation signal.

Zinc Feb

Inability to break the resistance of Rs 300 expect corrective selling pressure for the day. Consistent trades below Rs 292 is a major weak signal.

Lead Feb

As long as prices stays below Rs 186 there are potential selling pressure for the day. A direct rise above the same would extend rallies.

Aluminium Feb

Choppy trading inside Rs 261-152 levels expected initially and breaking any of the sides would suggest fresh direction in the commodity.

 

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