Intraday Technical Outlook 29 March 2022 - Geojit Financial Services
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Gold LBMA Spot
Choppy with corrective selloffs are likely as long as $1965 remains caps the upside. However major liquidation pressure is seen only a close below $1900.
Silver LBMA Spot
Expect a choppy trading inside $26-24 levels and breaking either the sides would suggest fresh direction of the commodity
Crude Oil NYMEX
Choppy with mild negative bias remains on cards. However, a direct drop below $102 is a sign of renewed selling pressure. Major resistance is seen at $116.
Gold KG Apr
If the support of Rs 51000 holds expect a choppy trading session for the day. A direct drop below the same would liquidate prices further.
Silver KG May
Further selloffs are seen only a close below Rs 67000. Otherwise, a range bound trading is on cards for the day.
Crude Oil Apr
Choppy with recovery upticks are on cards initially. However, a direct drop below Rs 8000 is a sign of major selling pressure
Natural Gas Apr
Inability to move past Rs 408 there are chances of recovery upticks. A direct drop below Rs 390 is a sign of weakness.
Copper Apr
Expect a choppy trading inside Rs 810-835 is likely for the day. However, breaking any of the sides would suggest fresh short term direction.
Nickel Apr
Chances of a turn around in prices as long as the support of Rs 2000 hold downside. Unexpected drop below the same weakness would continue.
Zinc Apr
A direct fall below Rs 328 is a weak signal. Else, choppy trading is on cards.
Lead Apr
Major liquidation is seen only a consistent trades below Rs 180. Else, there are chances of recovery trading session for the day.
Aluminium Apr
A direct drop below Rs 285 would extend selling pressure. Else, there are chances of recovery upticks.
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