Intraday Technical Outlook 24 March 2022 - Geojit Financial Services
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Gold LBMA Spot
Recovery upticks are on cards as long as the support of $1920 remain undisturbed. A direct drop below $1880 prices will liquidate further.
Silver LBMA Spot
Expect a choppy trading inside $26-24 levels and breaking either the sides would suggest fresh direction of the commodity.
Crude Oil NYMEX
Upticks would continue while prices stays above $108. A direct drop below $93 is a sign of selling pressure.
Gold KG Apr
Recovery rallies may be seen if the support of Rs 51000 holds the downside. A direct drop below the same would liquidate prices further.
Silver KG May
Choppy with mild positive bias expected initially. However, further selloffs may be seen only a close below Rs 67000.
Crude Oil Apr
Recovery moves may continue as long as the support of Rs 8100 remain undisturbed. A direct drop below the same is an early sign of selling pressure
Natural Gas Mar
If the support of Rs 372 remain holds expect choppy with positive bias. A direct drop below Rs 342 would trigger major selloffs.
Copper Mar
Upticks likely to continue the day. A direct break below Rs 798 selloffs would continue.
Nickel Mar
Chances of a turn around in prices as long as the support of Rs 2000 hold downside. Unexpected drop below the same weakness would continue.
Zinc Mar
Initial dips expected, but later prices to continue with positive bias. A direct fall below Rs 328 is a weak signal.
Lead Mar
Break below the support of Rs 181 prices would liquidate further. Else, there are chances of recovery choppy trading session for the day.
Aluminium Mar
Rallies would continue while prices hold the support of Rs 270. A direct drop below the same is a weak signal.
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