Intraday Technical Outlook 20 August 2021 - Geojit Financial
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Gold LBMA Spot
If $1792 remains caps the upside, there are chances of corrective selling pressure for the day. It required to break $1815 to continue further upticks.
Silver LBMA Spot
Consistent trades above $23.90 is required to lift prices higher. Else, there are chances of range bound trading with mild negative bias.
Crude Oil NYMEX
Outlook continue to be on the weaker side while prices stay below $65.20. Upside turnaround point is placed at $69.
Gold KG Oct
A direct break above 47200 expect recover upticks. Else, there are chances of choppy trading for the day
Silver KG Sep
Choppy with mild negative bias may be seen initially. It required to break and sustain above 63800 to continue rallies.
Crude Oil Sep
Weak bias to continue while prices stay below 4800. Upside turnaround point is placed at 4980.
Natural Gas Aug
If the support of 277 remain hold there are chances of intraday recovery upticks. A close below 262 is another signal of liquidation pressure.
Copper Aug
Stiff support is seen at 672, which if holds expect recovery moves for the day. Else, weakness is intact in the counter.
Nickel Aug
While prices stay below 1425 weakness to continue the day. Else, recovery upticks are likely in the counter.
Zinc Aug
Range bound with mild negative bias trading expected as long as it stay below 248.
Lead Aug
Recovery upticks may be seen if prices hold the support of 178. Else, weakness is likely for the day
Aluminium Aug
Range bound with weak bias is likely as long as prices stay below 208.
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