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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 24 February 2022 - Geojit Financial Services
News By Tags | #473 #4943

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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

While prices stays above $24 would continue further rallies. Else, there are chances of choppy trading session for the day

Crude Oil NYMEX

A volatile trade is likely initially. However, inability to break the support of $88 broad outlook remains positive.

Gold KG Apr

While prices stays above Rs 50000 expect to continue the bullish outlook. An unexpected drop blow Rs 49200 is a weak signal.

Silver KG Mar

While prices stays above Rs 63600 would continue rallies. A close below Rs 61500 is an immediate reversal signal.

Crude Oil Mar

Prices remains congested inside Rs 6600-7100 levels initially and breaking either the sides would suggest fresh short term directions.

Natural Gas Feb

Expect a range bound trade inside Rs 330-363 levels and breaking either the sides would guide short term direction of the commodity.

Copper Mar

Upticks are likely as long as the support of Rs 752 holds the downside.

Nickel Mar

Inability to move past Rs 1750 expect recovery upticks to continue the day. A close below Rs 1710 is a major liquidation signal.

Zinc Mar

Inability to break the resistance of Rs 300 expect corrective selling pressure. Consistent trades below Rs 292 is a major weak signal.

Lead Mar

Consistent trades above Rs 187 there are potential upside for the day. A direct drop below Rs 183 is a weak signal.

Aluminium Mar

Inability to break the support of Rs 262 there are chances of recovery upticks. A close below Rs 249 is a bearish signal.

 

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