Intraday Technical Outlook 22 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 short term direction for the commodity.
Crude Oil NYMEX
Expect a tight trade inside $106-101 levels expected initially and either side breakout would suggest fresh direction for the day.
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
While prices stay below Rs 68000 expect corrective selling to continue the day. Consistent trades above Rs 71000 is a fresh buying signal.
Crude Oil Apr
Expect a range bound trade inside Rs 7600- 8300 levels with mild negative bias. Either the sides breakout would suggest fresh short term direction.
Natural Gas Apr
Recovery upticks are on cards but major rallies are seen only above Rs 548. Consistent trades below 510 is a bearish sign.
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
Recovery upturn may be seen if prices unbale to break the support of Rs 265. Major resistance is seen at Rs 278.
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