01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 23 August 2021 - Geojit Financial
News By Tags | #473 #4943

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LBMA Spot Gold

As long as $1792 remains caps the upside, expect selling pressure to continue the day. It required to break $1815 to continue recovery upticks.

 

LBMA Spot Silver

Consistent trades above $23.90 is required to lift prices higher. Else, there are chances of range bound trading with mild negative bias.

 

Crude Oil NYMEX

A direct break of $62.50 would take prices further lower. Else, expect recovery upticks for the day

 

Gold KG Oct

A direct break above 47300 expect recovery upticks. Else, there are chances of choppy trading for the day.

 

Silver KG Sep

If unable to break and sustain above 63800 expect weakness to continue in the counter.

 

Crude Oil sep

Weak bias to continue while prices stay below 4800. Upside turnaround point is placed at 4980.

 

Natural Gas Aug

If the support of 282 remain hold there are chances of intraday recovery upticks. A close below 262 is another signal of liquidation pressure.

 

Copper  Aug

Recovery upticks are likely if the support of 698 hold the downside. Further major liquidation is seen below 680.

 

Nickel Aug

While prices stay below 1425 weakness to continue the day. Else, recovery upticks are likely in the counter.

 

Zinc Aug

Range bound with mild negative bias trading expected as long as it stay below 248.

 

Lead Aug

Recovery upticks may be seen if prices hold the support of 178. Else, weakness is likely for the day.

 

Aluminium Aug

Range bound with upside recovery is likely as long as prices stay above 205.

 

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