Intraday Technical Outlook 21 April 2022 - Geojit Financial Services
Gold LBMA Spot
If the support of $1935 remains holds the downside, expect recovery upticks for the day. However, major downside reversal point is placed at $1890.
Silver LBMA Spot
Prices remain choppy inside $26.50-24 levels and breaking either the sides would suggest fresh direction for the commodity.
Crude Oil NYMEX
Expect a choppy trading initially. However, consistent trades above $110 would lift prices further higher.
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 expect choppy with mild upside bias for the day. A direct drop below Rs 65000 is a weak sign.
Crude Oil Apr
Expect a range bound trade inside Rs 7600- 8300 levels are expected initially. Either the sides breakout would suggest fresh short term direction
Natural Gas Apr
Consistent trades above Rs 548 is needed to extend the bullish bias. Else, it may trade choppy with negative sentiment for the day.
Copper Apr
Expect choppy with mild negative bias trading as long as prices stay below Rs 828. Major downside support is seen at Rs 805.
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 365. A direct drop below Rs 343 is a weak sign.
Lead Apr
Prices may continue with positive bias as long as the support of Rs 180 remain undisturbed.
Aluminium Apr
If unbale to break the support of Rs 265 there are chances of recovery upticks for the day. A direct drop below the same is a weak signal.
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