Intraday Technical Outlook 23 September 2021 - Geojit Financial
Gold LBMA Spot
Initial selloffs are likely but a drop below $1745 is least expected today. Major rallies are seen only a close above $1815.
Silver LBMA Spot
A direct rise above $23.20 is needed to continue upticks. Else, selloffs likely for the day.
Crude Oil NYMEX
Positive bias to continue while prices stay above 71. Immediate reversal point is placed at $69.50.
Gold KG Oct
Choppy with recovery upticks may be seen as long as the support of 5240 remain undisturbed.
Silver KG Dec
Inability to move past Rs 59000 there are chances of recovery momentum to continue the day.
Crude Oil Oct
Choppy with recovery upticks may be seen as long as the support of 5240 remain undisturbed.
Natural Gas Sep
Inability to break 342 bullish outlook remain intact in the counter. A direct drop below the same is a weak signal.
Copper Sep
Range bound with mild negative bias is likely while prices stay below 718.
Nickel Sep
A direct rise above 1470 is required to extend buying momentum. Else, liquidation pressure can be seen today.
Zinc Sep
Inability to move past 256 likely to trigger further rallies. A drop below the same would call for corrective selling.
Lead Sep
If the support of 185 remain undisturbed expect recovery upticks
Aluminium Sep
As long as prices stay above 230 can see extension of rallies. Else, corrective selloffs are likely for the day.
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