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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 30 August 2021 - Geojit Financial
News By Tags | #473 #4943

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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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