Intraday Technical Outlook 4 October 2021 - Geojit Financial
Gold LBMA Spot
Expect recovery upticks if the support of $1760 remains hold the downside.
Silver LBMA Spot
Inability to move past $23.10 expect weak bias to continue the day. Else, recovery rallies are possible.
Crude Oil NYMEX
A direct break above $78.50 bullish outlook to continue the day. Else, there are choppy with negative bias trading.
Gold KG Oct
Prices continue to be choppy initially. A direct drop below the support of Rs 45700 would extend liquidation.
Silver KG Dec
Weak bias likely to extend in the counter. 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 recovery momentum as long as the support of 405 remains hold the downside.
Copper Oct
Range bound trading inside 692-718 levels are expected initially and breaking any of the sides would suggest fresh direction for the commodity
Nickel Oct
A direct lift above 1418 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 254. A close above 258 is a bullish sign.
Lead Oct
If the support of 179 remains hold there are chances of recovery upticks for the day. Else, may see weak bias trading.
Aluminium Oct
While prices stay below 232 liquidation pressure is likely in the counter. A direct rise above 236 could negate the view.
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