Intraday Technical Outlook 27 July 2021 - Geojit Financial
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Gold Mini Aug/ LBMA Spot Gold
If the support to $1780 remain undisturbed, intraday bias likely to extend the positive outlook. However, immediate upside obstacle is seen at $1835 break of which further sharp rallies can be seen. A direct drop below $1780 is an early signal of major liquidation pressure. MCX GoldM Aug Res: 48400 Support: 46850.
Silver Mini Aug/ LBMA Spot Silver
As long as prices stay above the support of $24.20 chances of recovery upticks are still on the cards. A direct drop below the same is a signal of long liquidation pressure. MCX SilverM Aug: Res at Rs 68800. Sup: 66400.
Copper Aug
Recovery upticks to continue the day as well. However, an unexpected drop below 734 prices would liquidate further.
Nickel Aug
Bullish outlook to continue while the support of 1420 remain hold the downside. Major turnaround point is seen at 1390.
Lead Aug
Prices needs to break 179 convincingly to extend the buying momentum. Else, there are chances of corrective selling pressure.
Zinc Aug
Bullish view may extend further as long as the support of 242 remain undisturbed. Downside turnaround point is placed at 236.
Aluminium Aug
Break above 202.50 is required to extend further bullish rallies. Else, there are chances of corrective selling for the day.
MCX Crude Oil Jul/NYMEX Crude Aug
A direct break above the resistance of $72.5 is needed to continue recovery upticks. Else, there are chances of choppy with corrective selling initially but sharp liquidation can be seen only a break of $65. MCX Aug: Res at Rs 5450 / Support: Rs 5084.
Natural Gas Aug
Bullishness likely to continue as long as 289 hold the downside. Immediate trend reversal is seen only a break of 264.
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