Intraday Technical Outlook 5 October 2021 - Geojit Financial
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Gold LBMA Spot
Choppy trading remains on the cards initially, but there are potential upside as long as it stays above $1760.
Silver LBMA Spot
Inability to move past $23.10 expect weak bias to continue the day. Else, recovery rallies are possible.
Crude Oil NYMEX
Bullish rallies to continue while prices stay above $75. Immediate reversal point is placed at $73.
Gold KG Oct
Prices continue to be choppy initially. A direct drop below the support of Rs 45700 would extend liquidation.
Silver KG Dec
Recovery rallies likely as long as 60,000 hold the downside. A direct drop below 58000 is a weak signal.
Crude Oil Oct
If the support of 5600 remain undisturbed expect rallies to continue the day.
Natural Gas Oct
Expect a range bound trading inside 405-445 levels with mild positive bias.
Copper Oct
Range bound trading inside 692-712 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
If the support of 255 hold, expect rallies for the day. Else weak bias are in cards.
Lead Oct
Consistent trades below 185 expect to trigger corrective selling pressure. Rallies above 188 may negate the view.
Aluminium Oct
A direct break above 235 would extend rallies. Else there are chances of choppy trading for the day.
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