Intraday Technical Outlook 25 April 2022 - Geojit Financial Services
Gold LBMA Spot
Corrective selloffs are likely while prices stays below the support of $1935. Further major rallies are seen only a break above $1960.
Silver LBMA Spot
If prices clear the support of $23.80 there are more potential downside in the counter. Inability to do so may trigger recovery upticks.
Crude Oil NYMEX
Selloffs would continue while prices stay below $103. Further rallies are seen only below $107.
Gold KG Jun
Inability to move past Rs 52600 weak bias to continue the day.
Silver KG May
As long as prices stays below Rs 67000 weak momentum to continue the day. Direct rise above Rs 69000 could negate the view.
Crude Oil Apr
Weakness likely to continue while prices stay below the support of $7900. Upside turnaround point is seen at Rs 8300.
Natural Gas Apr
Consistent trades above Rs 518 is needed to extend the bullish bias. Else, it may trade choppy with negative sentiment for the day.
Copper Apr
Expect negative bias trading as long as prices stay below Rs 812. Upside turnaround point is placed at Rs 824.
Nickel Apr
Prices remain range bound inside Rs 2300-2600 levels and breaking either the sides would suggest fresh short term directions.
Zinc Apr
Short term outlook remain choppy with negative while prices stays below Rs 367. A direct rise above Rs 377 would take prices higher.
Lead Apr
A direct rise above Rs 186 would take prices higher. Else, weak bias to continue the day.
Aluminium Apr
A direct drop below Rs 267 would continue liquidation pressure. Else, prices remain choppy for the day.
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