Intraday Technical Outlook 25 October 2021 - Geojit Financial
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Technical Commentary
Gold
If the support of $1760 remain holds expect rallies to continue the day. Else, there are chances of weak trading.
Silver
Breaking the resistance of $24.60 is needed to continue rallies. Otherwise a correction in prices is likely for the day.
Crude Oil
Bullish outlook will continue while prices stay above $80. Selloffs can be seen only a close below $78.
Technical Commentary
Gold KG
Intraday outlook remains on the positive side as long as Rs 47000 hold the downside.
Silver KG
If 64500 hold the downside, expect recovery rallies for the day. A direct drop below 62500 is a weak signal.
Crude Oil
Positive bias to continue the day. Downside reversal point is seen at 5980.
Natural Gas
Expect to continue bullish outlook as long as the support of 392 remain undisturbed. Major support is seen at 348.
Copper
Recovery upticks are likely for the day. A close below 755 is a weak signal.
Nickel
Break below 1524 would extend corrective selloffs. Else, expect a choppy trading for the day.
Zinc
Break below 1524 would extend corrective selloffs. Else, expect a choppy trading for the day.
Lead
Prices continue to be volatile inside 185-189 levels initially and breaking any of the sides would suggest fresh direction for the day.
Aluminium
Buying sentiments likely as the support of 230 holds the downside. Major resistance is seen at 242.
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