Intraday Technical Outlook 18 April 2022 - Geojit Financial Services
Gold LBMA Spot
Intraday bias mostly on the bullish side as long as the support of $1950 remains hold the downside. Downside reversal point is placed at $1890.
Silver LBMA Spot
Recovery momentum will continue the day. Weak bias is seen only a break below $24.
Crude Oil NYMEX
Upticks to continue while prices stays above $101. Consistent trades below $93 is a sign of reversal.
Gold KG Jun
While prices stays above Rs 52000 there are chances of recovery momentum to continue. Trend reversal point is placed at Rs 49000.
Silver KG May
As long as prices stays above Rs 68000 there are further potential upside. A direct drop below Rs 65000 is a weak sign
Crude Oil Apr
Recovery momentum will continue if prices are unable to move past Rs 7800. Downside reversal point is seen at Rs 7100.
Natural Gas Apr
Bullish rallies to continue while prices stays above Rs 540. Break below Rs 438 is a sign of reversal.
Copper Apr
Congested trade inside Rs 828-805 is expected initially. Breaking any of the sides would suggest fresh direction for the day.
Nickel Apr
Prices remain range bound inside Rs 2300-2600 levels and breaking either the sides would suggest fresh short term directions.
Zinc Apr
Short term outlook remain positive while prices stays above Rs 360. A direct drop below Rs 343 is a weak sign.
Lead Apr
Range bound trades remains on cards. A direct drop below Rs 180 is a sign of liquidation pressure.
Aluminium Apr
Inability to break the support of Rs 265 there are potential upside. A direct drop below the same is a weak sign.
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