Intraday Technical Outlook 25 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
Likely for a choppy trading inside $26-24 levels and breaking either the sides would suggest fresh direction of the commodity.
Crude Oil NYMEX
Volatility remain on cards but the broad trend remains stay positive as long as it 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 51600 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
Rs 8900 may act as a stiff intraday resistance. A direct break of which would bullish rallies. Else, expect a mild corrective selloffs for the day.
Natural Gas Mar
If the support of Rs 372 remain holds expect positive bias to continue the day. A direct drop below Rs 342 would trigger major selloffs.
Copper Apr
Inability to break Rs 835 there are chances of corrective selloffs. Else, it may continue rallies.
Nickel Apr
Chances of a turn around in prices as long as the support of Rs 2300 hold downside. Unexpected drop below the same weakness would continue.
Zinc Apr
Expect a range bound trading inside Rs 360-330 levels and breaking either the sides would suggest fresh short term direction.
Lead Apr
Break below the support of Rs 183 prices would liquidate further. Else, there are chances of recovery choppy trading session for the day.
Aluminium Apr
Bullish outlook remains on cards as long as the support of Rs 285 holds the downside. A direct drop below Rs 270 is a sign of weakens
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