Intraday Technical Outlook 30 September 2021 - Geojit Financial
Gold LBMA Spot
Trend remains choppy with negative bias as long as it stays below $1760.
Silver LBMA Spot
Weakness to continue while prices stay below $22. Upside turnaround point is placed at 23.10.
Crude Oil NYMEX
Bullish rallies to continue while prices stay above $71. Immediate reversal point is placed at $69.50.
Gold KG Oct
Expect the liquidation pressure to continue as it breaks the support of Rs 45700. Immediate reversal point is placed at 46500.
Silver KG Dec
Weakness likely to continue as long as it stay below Rs 59000. Immediate upside reversal point is at 61500.
Crude Oil Oct
If the support of 5480 remain undisturbed expect rallies to continue the day. A direct drop below the same may extend selloffs.
Natural Gas Oct
Expect a range bound trading inside 390-435 levels with mild negative bias.
Copper Oct
Range bound trading inside 704-724 levels are expected initially and breaking any of the sides would suggest fresh direction for the commodity.
Nickel Oct
A direct lift above 1440 may extend rallies. Else, there are chances of corrective selling for the day.
Zinc Oct
Corrective selloffs are likely as long as prices stay below 258. A close above 262 is a bullish sign
Lead Oct
Break above 185.50 can extend upticks. Else, there are chances of choppy trading for the day.
Aluminium Oct
Further rallies can be seen only a break of 234. Else, there are chances of liquidation pressure.
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