Intraday Technical Outlook 21 March 2022 - Geojit Financial Services
Gold LBMA Spot
Inability to move past $1900 there are potential upside for the day. A direct drop below $1880 prices will liquidate further.
Silver LBMA Spot
Expect a choppy trading inside $26-24 levels and breaking either the sides would suggest fresh direction of the commodity
Crude Oil NYMEX
Recovery upticks may continue while prices stays above $102. A direct drop below $93 is a sign of selling pressure.
Gold KG Apr
Recovery rallies may be seen if the support of Rs 51000 holds the downside. A direct drop below the same would liquidate prices further.
Silver KG May
Choppy with mild positive bias expected initially. However major rallies are seen only a break above Rs 71000.
Crude Oil Apr
Inability to break the support of Rs 7800 there are chances of recovery upticks. A direct drop below Rs 7200 is an early sign of selling pressure.
Natural Gas Ma
If the support of Rs 352 remain holds expect recovery upticks. A direct drop below Rs 342 would trigger major selloffs.
Copper Mar
Selloffs would continue if prices clear the support of Rs 798. Else, choppy with recovery upticks can be seen.
Nickel Mar
Corrective selloffs are in cards as long as Rs 2800 restricted further upsides
Zinc Mar
Range bound with mild positive trading session is expected the day. A direct fall below Rs 310 is a weak signal.
Lead Mar
Break below the support of Rs 181 prices would liquidate further. Else, there are chances of recovery upticks.
Aluminium Mar
A swift upturn is expected as long as the support of Rs 270 hold the downside. A direct drop below the same is a weak signal.
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