Intraday Technical Outlook 22 March 2022 - Geojit Financial Services
Gold LBMA Spot
Mild recovery upticks are on cards as long as the support of $1900 remain undisturbed. 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, further selloffs may be seen only a close below Rs 67000.
Crude Oil Apr
Recovery moves may continue as long as the support of Rs 7800 remain undisturbed. A direct drop below the same is an early sign of selling pressure.
Natural Gas Mar
If the support of Rs 352 remain holds expect choppy with positive bias. A direct drop below Rs 342 would trigger major selloffs.
Copper Mar
A direct break below Rs 798 selloffs would continue. Else, choppy with recovery upticks can be seen.
Nickel Mar
Corrective selloffs are in cards as long as Rs 2350 restrict 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 choppy trading session for the day.
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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