09-08-2023 10:20 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 08 September 2023 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Prices expected to be choppy with mild negative as it stays below the support of $1925. Further rallies are seen only above $1955.

Silver LBMA Spot

A mild recovery upticks expected initially. However, further major rallies are seen only a break above $25.

Crude Oil NYMEX

Further rallies are seen only above the immediate resistance of $88. Else, choppy trading is expected.

Gold KG Oct

Choppy trading with mild recovery upticks can be seen initially. However, a break above Rs 58500 is required to extend the momentum.

Silver KG Sep

While prices stay below Rs 74000 liquidation pressure would continue. Anyhow, stiff support is placed at Rs 69500.

Crude Oil Sep

Prices most likely to be choppy inside $85-88 levels and breaking any of the sides would suggest fresh directions.

Natural Gas Sep

A direct break below Rs 210 prices would liquidate further. Else, recovery momentum is likely for the day.

Copper Sep

As long as prices stay below Rs 730 weak bias remains on the cards. A direct rise above Rs 742 is a bullish trigger.

Nickel Sep

Expect choppy with thin volume trading in the near future.

Zinc Sep

Choppy trading with mild recovery bias is likely for the day. Meanwhile, consistent trades below Rs 218.

Lead Sep

As long as the support of Rs 184 remain undisturbed, expect recovery pullback. Else, weakness is likely for the day.

Aluminium Sep

A tight range trade inside Rs 198-201 is likely and if breaking any of the sides would guide further directional moves.


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