Intraday Technical Outlook 24 August 2021 - Geojit Financial
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Gold LBMA Spot
Intraday momentum likely to be on the positive side as long as $1792 hold the downside. Anyhow, it required to break $1815 to continue major rallies.
Silver LBMA Spot
Consistent trades above $23.90 is required to lift prices higher. Else, there are chances of range bound trading for the day.
Crude Oil NYMEX
Upticks likely to extend further if the support of $62.50 remain hold the downside. A direct drop below $61.50 would trigger major liquidation.
Gold KG Oct
Recovery momentum may continue while 47200 hold the downside.
Silver KG Sep
If unable to break and sustain above 63800 expect a choppy trading for the day. Else, it may trigger rallies.
Crude Oil Sep
Choppy with mild positive bias is expected initially. A direct turn above 4980 would extend the momentum.
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
Prices continue to edge higher as long as the support of 1425 remain undisturbed.
Zinc Aug
Range bound with mild negative bias trading expected as long as it stay below 248.
Lead Aug
While prices stay below 182 weak momentum to continue for the day. A direct rise above the same is a recovery signal.
Aluminium Aug
Range bound with upside recovery is likely as long as prices stay above 205.
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