Intraday Technical Outlook 25 January 2022 - Geojit Financial Services
Gold
LBMA Spot
While prices stays above $1830 expect upticks to continue the day. Break below $1780 is a weak signal.
Silver
LBMA Spot
Choppy with negative bias expected initially, but a direct break of $23.50 would trigger further liquidation pressure. A close above $25 is a signal of bullish outlook.
Crude Oil
NYMEX
Upticks still on cards as long as prices stays above $82. 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
Inability to break Rs 62800 there are chances recovery upticks. However a direct break below Rs 59800 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
Corrective selloffs are likely while prices stays below the support of Rs 1742. However major upside turnaround 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 further lower.
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