Intraday Technical Outlook 20 September 2021 - Geojit Financial
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Gold LBMA Spot
Choppy with negative bias to continue the day. A direct drop below $1740 would trigger further major selling pressure.
Silver LBMA Spot
Weak bias to continue initially but stiff support seen at $21.80 which may hold further major liquidation pressure.
Crude Oil NYMEX
Range bound trading inside $73.50-69.50 levels expected initially but braking any of the sides would suggest fresh direction for the day.
Gold KG Oct
Weak sentiments to extend if it break below 45600. Else there are chances of recovery upticks for the day
Silver KG Sep
Weak bias to continue the day. Recovery upticks are seen only a close above 61900.
Crude Oil Sep
Buying momentum likely to continue while prices stay above 5120. A close below 4960 is a weak signal.
Natural Gas Sep
Upticks to continue while prices stay above 345. A close below the same is a weak signal.
Copper Sep
If the support of 718 remain hold, there are chances of recovery upticks for the day. Else, selling momentum to continue in the counter.
Nickel Sep
Consistent trades above 1454 there are chances of rallies to continue the day. A close below the same would trigger liquidation pressure.
Zinc Sep
Inability to break 246 positive outlook remain intact. A direct drop below the same may see choppy with negative sentiment.
Lead Sep
Positive bias may continue while prices stay above 183. A direct drop below 177 is a sign of weakness.
Aluminium Sep
If the support of 225 remain undisturbed, expect rallies to continue the day. Else, weak sentiment is in cards.
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