Intraday Technical Outlook 21 January 2022 - Geojit Financial Services
Gold
LBMA Spot
While prices stays above $1830 expect choppy with mild upside bias for 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
Inability to move past $85 there are chances of corrective selling pressure. A direct rise above the same would continue rallies.
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
Immediate support of Rs 63800 needs to be cleared for continuation of selling pressure. Else, a choppy trading is on cards for the day.
Crude Oil
Feb
Further rallies can be seen only a break Rs 6480. Else, there are chance of corrective selling pressure.
Natural Gas
Jan
As long as prices stays below Rs 297 weak bias likely to continue the day. A close above Rs 313 is a recovery signal.
Copper
Jan
While prices stays above Rs 752 expect rallies to continue. If unable to do so, it may trigger selling pressure.
Nickel
Jan
Pullback rallies to continue which the support of Rs Rs 1680 remain undisturbed. Downside turning point is at Rs 1603.
Zinc
Jan
As long as the support of Rs 296 remains holds, expect bullish outlook to continue in the counter. Else, corrective selloffs are in cards.
Lead
Jan
Further rallies are seen only if it cross above Rs 191. Inability to do so, prices may correct prices lower.
Aluminium
Jan
If unable to break Rs 246 there are chance of corrective selling pressure. However, major support is seen at Rs 232.
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