Intraday Technical Outlook 25 March 2021 - Geojit Financial
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Gold Mini Apr/ LBMA Spot Gold
Weakness likely to extend as long as prices stay below the support of $1760. Meanwhile, major liquidation pressure is seen only if it breaks below $1660. A direct rise above $1760 is required to trigger recovery upticks towards $1820 or more. MCX GoldM Apr Res: 45250 Support: 44220.
Silver Mini Apr/ LBMA Spot Silver
If $26.50 remain caps the upside, expect corrective selloffs to continue the day as well. However, a direct drop below $24.80 is a sign of extension of the momentum. MCX Silver Apr: Res at Rs 67180. Sup: 64020.
Copper Apr
As long as 680 remain capped, liquidation pressure may continue with stiff support is seen at 665 followed by 640 later.
Nickel Apr
Support of 1140 needs to be cleared for continuation of selling pressure. Else, there are chances of recovery upticks for the day.
Zinc Apr
Weak bias may continue if 220 continue to restrict further upsides. A direct break below 215 would trigger liquidation pressure.
Aluminium Apr
Prices continue to stay firm which it hold the support of 173. Weakness is seen only a break of 171.50.
MCX Crude Oil Mar/NYMEX Crude Apr
If the $62 mark resistance remain undisturbed, expect selloffs to continue towards the support of $56. A direct drop below the same would extend further liquidation pressure. An unexpected rise above $64 is a bullish signal. MCX Apr: Res at Rs 4518 / Support: Rs 4210.
Natural Gas Mar
Intraday trend remains choppy inside 188-178 levels and breaking any of the sides would suggest fresh direction to the commodity
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