Intraday Technical Outlook 6 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
Bullish rallies would continue as long as the support of 5600 remain undisturbed.
Natural Gas Oct
Prices likely to surge again if the support of 436 hold the downside. A close below 405 is a reversal signal.
Copper Oct
Range bound with weak bias inside 692-712 levels are expected initially. Either side breakout would suggest fresh short term direction.
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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