Intraday Technical Outlook 21 February 2022 - Geojit Financial Services
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Gold LBMA Spot
Choppy with mild positive outlook expected initially. Consistent trades above $ 1910 required to trigger major rallies. A direct drop below $1840 is a weak signal.
Silver LBMA Spot
Consistent trades above $24 would trigger further rallies. Else, there are chances of choppy trading session for the day.
Crude Oil NYMEX
Prices remain volatile initially. However, inability to break the support of $88 broad positive outlook remain intact in the counter.
Gold KG Apr
While prices stays above Rs 50000 expect to continue the bullish outlook. Else, there are chances of corrective selling pressure for the day.
Silver KG Mar
Prices needs to stabilise above Rs 63600 to continue rallies. A close below Rs 61500 is a immediate reversal signal.
Crude Oil Mar
Expect a choppy trading initially. However, if it remains holds the support of Rs 6780 there are potential upside for the day.
Natural Gas Feb
Recovery rallies remains on cards as long as the support Rs 320 holds the downside. A close below Rs 303 is a weak signal.
Copper Feb
Inability to move past Rs 768 there are chances of corrective selling pressure. A direct rise above Rs 774 is a bullish signal.
Nickel Feb
If the support of Rs 1750 remain undisturbed expect recovery upticks. A close below Rs 1710 is a major liquidation signal.
Zinc Feb
If unable to move past Rs 300 expect corrective selling pressure for the day. Consistent trades below Rs 292 is a major weak signal.
Lead Feb
Break below Rs 183 would trigger further selloffs. Else, there are chances of recovery upticks.
Aluminium Feb
If the support of Rs 255 hold the downside, there are chances of recovery upticks. A close below Rs 249 is a bearish signal.
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