Intraday Technical Outlook 28 January 2022 - Geojit Financial Services
Gold
LBMA Spot
A direct break below $1780 would trigger further selloffs in the counter. Else, a choppy trading is on the cards for the day.
Silver
LBMA Spot
Prices may correct further lower as it placed below $23. However major support is seen at $21.40.
Crude Oil
NYMEX
Consistent trades above $88 would lift prices further higher. Otherwise, there are chances of corrective selloffs for the day.
Gold
KG Feb
Intraday sentiment remains on the lower side as long as it stays below the support of Rs 48100. Major turnaround point is seen at Rs 49000.
Silver
KG Mar
Inability to move past Rs 63200 would call for corrective selling pressure. A direct rise above the same would negate the mild negative outlook.
Crude Oil
Feb
Rallies may continue while it stays above Rs 6380. Break below Rs 6200 would negate the bullish outlook and take prices lower.
Natural Gas
Feb
Upticks are likely as long as the support of Rs 302 remain undisturbed. Major resistance is seen at Rs 335.
Copper
Feb
Inability to trade higher above Rs 762 would extend weakness. Else, recovery upticks are on cards for the day.
Nickel
Feb
Resistance of Rs 1735 needs to be cleared for continuation of rallies. Else, there are choppy with mild negative bias for the day.
Zinc
Feb
Consistent trades Break above Rs 300 is needed to continue rallies. If unable to do so, choppy trading is on cards for the day.
Lead
Feb
Further rallies are seen only if it cross above Rs 190. Inability to do so, prices may correct lower.
Aluminium
Feb
Upticks to continue while prices stays above Rs 245. A close below Rs 238 is a weak signal.
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