01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 31 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

Inability to move past 47000 there are chances of recovery upticks for the day. A close below 46600 would trigger further liquidation.

 

Silver KG Sep

Choppy with mild positive bias expected initially. Breaking 64500 is an early signal of major rallies.

 

Crude Oil Sep

A direct drop below 4960 selling pressure may continue. Else, there are chances of recovery rallies.

 

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

As long as 716 hold the downside, expect recovery rallies for the day.

 

Nickel Sep

Rallies would continue if prices constantly trades above 1448. Further weakness is seen only a break of 1416.

 

Zinc Sep

Range bound trade inside 249-244 is expected initially. Breaking any of the sides would suggest fresh direction for the day.

 

Lead Sep

Prices continue to trade inside 181-176 region and either side breakout would suggest fresh direcion for the day.

 

Aluminium Sep

Positive bias likely to extend as long as it stays above 209.

 

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