09-05-2023 09:02 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 05 September 2023 - Geojit Financial Services
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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

As long as prices stay above $85 would continue rallies. A direct dip below $82 would extend correction.

Gold KG Oct

Break above Rs 58500 is required to extend rallies. Else, a mild selloffs expected the day.

Silver KG Sep

Extension of rallies are seen only a break above Rs 77000. Inability to do so may see weak bias for the day.

Crude Oil Sep

While prices stay above Rs 7000 it may extend rallies. Else, choppy with weak bias for the day.

Natural Gas Sep

Intraday bias most likely on the weaker side as long as prices stay below Rs 230. A direct rise above it may trigger further rallies.

Copper Sep

Prices remain range inside Rs 742-730 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

Intraday dips likely to find support near Rs 200 and are chances of recovery upticks. Anyhow stiff resistance is placed at Rs 205.

 

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