Intraday Technical Outlook 28 February 2022 - Geojit Financial Services
Gold LBMA Spot
Consistent trades below $1880 would trigger weakness. Otherwise positive outlook is intact for the day. However, a direct $1920 rise above the likely to attract major rallies.
Silver LBMA Spot
Expect a choppy trade inside $24.80-23 levels initially and breaking either the sides would suggest fresh direction to the commodity.
Crude Oil NYMEX
Inability to break the support of $88 there are still potential upside. However, a close below $86 is a corrective selling signal.
Gold KG Apr
A direct dip below Rs 49200 would negate the present bullish outlook and take prices lower. Else, expect a choppy trading for the day.
Silver KG Mar
While prices stays above Rs 66000 expect upticks to continue the day. A close below Rs 61500 is an immediate reversal signal.
Crude Oil Mar
Inability to move past Rs 6700 trend remains on the positive side. A direct drop below Rs 6600 is a bearish signal.
Natural Gas Mar
Prices needs to break and sustain above Rs 345 to continue rallies. Else, there are chances of weak momentum.
Copper Mar
Upticks are likely as long as the support of Rs 752 holds the downside.
Nickel Mar
While the support of Rs 1750 remain undisturbed, expect recovery upticks to continue the day. A close below Rs 1710 is a major liquidation signal.
Zinc Mar
Consistent trades below Rs 292 is a major weak signal. Rallies are expected only a close above Rs 298.
Lead Mar
Consistent trades above Rs 187 there are potential upside for the day. A direct drop below Rs 183 is a weak signal.
Aluminium Mar
Broad trend remains on the positive side. However, a close below Rs 249 is a bearish signal.
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