Commodity Intraday Technical Outlook 04 September 2023 - Geojit Financial Services
Gold LBMA Spot
If the support of $1925 remain holds, expect upticks to continue the day. Else, choppy trading is on the cards.
Silver LBMA Spot
Further rallies are seen only a break above $25. If not, expect corrective selling pressure.
Crude Oil NYMEX
While prices stay above $85 would continue rallies. A direct dip below $82 would extend correction.
Gold KG Oct
Consistency above Rs 58500 is required to extend rallies. Else, a mild selloffs expected the day.
Silver KG Sep
Further rallies are seen only a break above Rs 77000. Inability to do so may see weak bias for the day.
Crude Oil Sep
If prices sustain above Rs 7000 it may extend rallies. Else, choppy with weak bias for the day.
Natural Gas Sep
Weak bias are in the cards as long as prices are unable to move past Rs 230. Anyhow major support is placed at Rs 215.
Copper Sep
Choppy trading inside Rs 745-732 levels expected and breaking any of the sides would suggest fresh directional moves.
Nickel Sep
Expect choppy with thin volume trading in the near future.
Zinc Sep
A direct break above Rs 221 likely to extend rallies. Inability to do so may see corrective selling pressure.
Lead Sep
While prices stay above Rs 184 mild positive bias is on the cards. Consistent trades below Rs 182 is a sign of liquidation.
Aluminium Sep
While prices stay above Rs 184 mild positive bias is on the cards. Consistent trades below Rs 182 is a sign of liquidation.
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