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

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Gold

LBMA Spot

While prices stays above $1830 expect upticks to continue the day. Break below $1780 is a weak signal.

Silver

LBMA Spot

Recovery rallies may continue while prices stays above $23.50. Major downside reversal point is placed at $21.20.

Crude Oil

NYMEX

Upticks may continue while prices stays above $83. However, a close below $79 is a downside reversal signal.

Gold

KG Feb

If the support of Rs 47700 remain undisturbed, expect recovery pullbacks. A close below the same is a downside turnaround point.

Silver

KG Mar

A direct break of Rs 63000 would take prices lower. Else, it may continue with choppy with mild positive bias.

Crude Oil

Feb

Buying sentiments would continue initially. Break below Rs 5980 is a short term reversal signal.

Natural Gas

Jan

Weak bias may continue while prices stay below Rs 313. A close above 325 is a recovery signal.

Copper

Feb

A direct drop below Rs 754 would extend weakness. Else, recovery upticks are on cards for the day.

Nickel

Feb

Bullish outlook remains on cards as long as the support of Rs 1742 restrict further downside. Major reversal point is at Rs 1603.

Zinc

Feb

Break above Rs 300 is needed to continue rallies. If unable to do so, choppy trading is on cards for the day.

Lead

Feb

Further rallies are seen only if it cross above Rs 190. Inability to do so, prices may correct lower.

Aluminium

Feb

Bullish outlook would extend only a break above Rs 248. Otherwise prices may correct lower.

 

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