Intraday Technical Outlook 8 October 2021 - Geojit Financial
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Gold LBMA Spot
Prices remain choppy in a tight range 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, but consistent trades above 46200 there are chances of recovery upticks.
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
Extreme choppy trades are likely inside 452-404 levels and breaking any of the sides would set short term direction.
Copper Oct
Upticks likely as long as 718 hold the downside. A direct drop below 692 is a reversal signal.
Nickel Oct
Recovery moves can be seen if prices constantly trades above 1410. Downside reversal point is at 1380.
Zinc Oct
If the support of 255 hold, expect rallies for the day. Else weak bias are in cards.
Lead Oct
A turnaround in prices can be seen if 179 remain hold the downside. A direct drop below the same is a weak signal.
Aluminium Oct
While prices stay above 235 would extend rallies. Else there are chances of choppy trading for the day
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