Intraday Technical Outlook 26 August 2021 - Geojit Financial
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Gold LBMA Spot
Upticks are likely for the day as long as $1780 hold the downside. Anyhow, it required to break $1815 to continue major rallies.
Silver LBMA Spot
Consistent trades above $23.90 is required to lift prices higher. Else, there are chances of range bound trading for the day.
Crude Oil NYMEX
It required to break $69 to continue fresh rallies for the day. Else, expect a technical selling for the day.
Gold KG Oct
A direct drop below 47000 would extend selling pressure. Else, there are chances of recovery bias for the day.
Silver KG Sep
If unable to break and sustain above 63800 expect a choppy trading for the day. Else, it may trigger rallies.
Crude Oil Sep
Upticks may continue while the support of 4980 remain undisturbed.
Natural Gas Sep
If the support of 286 remain hold there are chances of recovery upticks. A close below 262 is another signal of liquidation pressure.
Copper Sep
Prices continue to be range bound inside 722-696 levels and breaking either the side would suggest fresh direction for the day.
Nickel Sep
Inability to move past 1448 there are chances of corrective selling for the day.
Zinc Sep
Prices required to break 249 to continue rallies. Else, expect selling pressure for the day.
Lead Sep
While prices stay below 180 weak momentum to continue for the day. A direct rise above the same is a recovery signal.
Aluminium Sep
Mild positive bias expected as long as 206 hold the downside.
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