Intraday Technical Outlook 26 February 2021 - Geojit Financial
Gold Mini Mar/ LBMA Spot Gold
If the support of $1760 remain hold the downside, there are chances of slight recovery in prices for the day. However, immediate resistance is seen at $1820. Meanwhile, a direct drop below $1755 would be an early signal of major selling pressure. Gold mcx Mar: Res at 47380. Sup: 45450.
Silver Mini Apr/ LBMA Spot Silver
If prices stay above $26 it may continue with mild positive bias for the day. A direct fall below $24 could negate the outlook and take prices lower. MCX Silver Apr: Res at Rs 72800. Sup: 68400.
Copper Mar
While prices stay above 700 bullish rallies would extend in the counter. Immediate reversal point is seen at 692.
Nickel Mar
Inability to move past 1410 corrective selloffs are likely to continue the day as well. Downside reversal point is placed at 1340.
Lead Mar
Prices may continue with positive outlook as long as 171 hold the downside. Immediate reversal point is seen at 168.
Zinc Mar
Prices continue to be choppy with mild positive bias. Anyhow downside reversal point is seen at 218.
Aluminium Mar
As long as prices stay above 174 bullish rallies would extend further. A close below 169.50 is a reversal signal.
MCX Crude Oil Mar/NYMEX Crude Mar
Bullish outlook remain intact as it hold the downside support of $62. Anyhow, next major upside objects are seen at $64 followed by 67 levels. A direct drop below $57 is a reversal signal. MCX Mar: Res at Rs 4640 / Support: Rs 4460.
Natural Gas Feb
If the support of 199 continue to hold the downside, expect recovery upticks for the day. A direct drop below 195 is a weak signal.
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