Intraday Technical Outlook 17 March 2022 - Geojit Financial Services
Gold LBMA Spot
Inability to move past $1900 there are potential upside for the day. A direct drop below $1880 prices will liquidate further.
Silver LBMA Spot
Expect a choppy trading inside $26-24 levels and breaking either the sides would suggest fresh direction of the commodity.
Crude Oil NYMEX
Choppy trading remains on cards for the day. However, a direct drop below $93 prices will liquidate further.
Gold KG Apr
Recovery rallies may be seen if the support of Rs 51000 holds the downside. A direct drop below the same would liquidate prices further.
Silver KG May
Choppy with mild positive bias expected initially. However major rallies are seen only a break above Rs 71000.
Crude Oil Mar
Major support is placed at Rs 7200. Inability to break the same would see recovery upticks. Else, selloffs would continue the day.
Natural Gas Mar
If the support of Rs 352 remain holds expect recovery upticks. A direct drop below Rs 342 would trigger major selloffs.
Copper Mar
Selloffs would continue if prices clear the support of Rs 798. 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 310 is a weak signal.
Lead Mar
Break below the support of Rs 181 prices would liquidate further. Else, there are chances of recovery upticks.
Aluminium Mar
A direct turn above Rs 270 needed to trigger fresh rallies. Else, prices may liquidate further.
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