Intraday Technical Outlook 18 March 2021 - Geojit Financial
Gold Mini Apr/ LBMA Spot Gold
As prices cleared the resistance of $1745 there are chances of recovery upticks in the prices. Anyhow major upside turnaround point is seen at $1775. Further downside momentum is seen if it breaks below $1660. MCX GoldM Apr Res: 45780 Support: 44120.
Silver Mini Apr/ LBMA Spot Silver
Recovery upticks can be seen as prices break the resistance of $26.50. Anyhow, a direct drop below $25 is a sign of reversal. MCX Silver Apr: Res at Rs 68800. Sup: 65300.
Copper Mar
If 665 remain hold the downside, expect recovery rallies today. Meanwhile, a direct break of 658 is a sign of weakness.
Nickel Mar
Support of 1140 needs to be cleared for continuation of selling pressure. Else, there are chances of recovery upticks for the day.
Lead Mar
Further selloffs are seen only a break of 157. Else, there are chances of recovery upticks for the day.
Zinc Mar
Choppy with positive bias trading is likely as long as prices stay above 218. Further weakness is seen only a break of 215.
Aluminium Mar
Upside momentum may continue as long as 174 hold the downside. Further weakness is seen only a break of 169.
MCX Crude Oil Mar/NYMEX Crude Mar
Choppy trade inside $66.50-63 levels expected initially and breaking any of the sides would suggest fresh directional move to the commodity. Break above $66.50 next upside target is seen at $72. Likewise, a close below $58 is a signal of reversal. MCX Mar:
Natural Gas Mar
If the support of 180 remain hold, there are chances of recovery upticks for the day. A direct drop below 178 is a sign of liquidation.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at www.geojit.com
SEBI Registration number is INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer