Intraday Technical Outlook 26 April 2022 - Geojit Financial Services
Gold LBMA Spot
Inability to move past $1875 there are chances of recovery upticks for the day. A direct drop below $1875 would continue liquidation pressure.
Silver LBMA Spot
If prices clear the support of $23.50 there are more potential downside in the counter. Inability to do so may trigger recovery upticks.
Crude Oil NYMEX
Choppy trading with mild upside bias expected the day. A direct drop below $93 is a major weak signal.
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 if prices break the support of Rs 7400. Else, potential upticks on cards for the day.
Natural Gas Apr
Recovery upturn expected if the support of Rs 498 remains hold the downside.
Copper Apr
Expect choppy with mild 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
If unable to move past Rs 255 there are chances of recovery upticks. A direct drop below the same would continue weak bias.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer