Intraday Technical Outlook 30 August 2021 - Geojit Financial
Gold LBMA Spot
While prices stay above $1815 expect rallies to continue in the counter. A direct drop below $1780 would trigger further selling pressure.
Silver LBMA Spot
Stability above $23.90 would lift prices further higher. Else, there are chances of range bound trading for the day.
Crude Oil NYMEX
Prices required to break $70 to continue rallies. Else, there are chances of choppy with mild negative bias trading for the day.
Gold KG Oct
Rallies may continue while prices stay above 47200. Further liquidation is seen only a break of 46900.
Silver KG Sep
Consistent trades above 64200 rallies would continue the day. Else, expect choppy trading.
Crude Oil Sep
Upticks may continue while the support of 4980 remain undisturbed.
Natural Gas Sep
Initial dips to 310-12 level may find support and trigger rallies. A close below 303 is a sign of further weakness.
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
Weak bias remain on the counter as long as 248 caps the upside. A close above 250 is needed to trigger further rallies.
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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