Intraday Technical Outlook 27 August 2021 - Geojit Financial
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Gold LBMA Spot
Prices continue to be choppy inside $1780-$1815 levels and breaking any of the sides would suggest fresh direction.
Silver LBMA Spot
A break above $23.90 is required to lift prices higher. Else, there are chances of range bound trading for the day.
Crude Oil NYMEX
If the immediate support of $67 remain hold, expect recovery rallies for the day. Otherwise corrective selling is on cards.
Gold KG Oct
A direct drop below 46900 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 trigger rallies.
Crude Oil Sep
Upticks may continue while the support of 4980 remain undisturbed.
Natural Gas Sep
Recovery rallies would continue while prices hold the support of 303. A close below the same is a weak signal.
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 continuation of corrective selling for the day.
Zinc Sep
Choppy trading may be seen inside 248-245 levels initially and braking any of the sides would suggest fresh direction 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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