Intraday Technical Outlook 20 January 2022 - Geojit Financial Services
Gold
LBMA Spot
While prices stays above $1830 expect upticks to continue the day. Break below $1780 is a weak signal.
Silver
LBMA Spot
Recovery rallies may continue while prices stays above $23.50. Major downside reversal point is placed at $21.20.
Crude Oil
NYMEX
Choppy trading expected initially but positive bias remains on cards while it stays above $85.
Gold
KG Feb
If the support of Rs 47700 remain undisturbed, expect recovery pullbacks. A close below the same is a downside turnaround point.
Silver
KG Mar
If Rs 61800 remain undisturbed, expect recovery rallies for the day. A direct drop below Rs 59400 would drift prices further lower.
Crude Oil
Feb
Choppy with positive bias trading expected initially. Break below Rs 5980 is a short term reversal signal.
Natural Gas
Jan
As long as prices stays below Rs 313 weak bias likely to continue the day. A close above 325 is a recovery signal.
Copper
Jan
Further rallies are on cards only a break above Rs 752. Else, expect a choppy trading for the day.
Nickel
Jan
Pullback rallies to continue which the support of Rs Rs 1680 remain undisturbed. Downside turning point is at Rs 1603.
Zinc
Jan
Breaking Rs 296 is needed to continue rallies. If unable to do so, choppy trading is on cards for the day.
Lead
Jan
Further rallies are seen only if it cross above Rs 191. Inability to do so, prices may correct prices lower.
Aluminium
Jan
Bullish outlook would continue while prices stays above Rs 232. Immediate reversal point is at 228.
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