Intraday Technical Outlook 22 February 2022 - Geojit Financial Services
Gold LBMA Spot
Positive outlook remain intact as long as prices stay above $1840. A direct close below $1810 likely to trigger weakness.
Silver LBMA Spot
Consistent trades above $24 is required to trigger further rallies. Else, there are chances of choppy trading session for the day.
Crude Oil NYMEX
Positive outlook remains intact as long as the support of $88 remains undisturbed. However, a direct rise above further major rallies are in cards
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
If the support of Rs 63000 remains holds, expect to continue rallies. A close below Rs 61500 is a downside reversal signal.
Crude Oil Feb
Expect bullish rallies to continue the day. A direct drop below the support of Rs 6780 it would trigger corrective selling pressure.
Natural Gas Feb
Support of Rs 342 remains holds, expect rallies to continue the day. A close below Rs 328 is a weak signal.
Copper Mar
Upticks are likely as long as the support of Rs 758 holds the downside.
Nickel Mar
If the support of Rs 1765 remain undisturbed expect recovery upticks. A close below Rs 1720 is a major liquidation signal.
Zinc Mar
Consistent trades above Rs 302 is needed to trigger rallies. Else, expect corrective selling pressure for the day.
Lead Mar
A direct drop below Rs 183.50 likely to continue selling pressure. Recovery rallies are seen if it breaks above Rs 186.
Aluminium Mar
Expect rallies to continue while the support of Rs 260 hold the downside. Major resistance is seen at Rs 268.
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