Powered by: Motilal Oswal
01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 30 August 2023 - Geojit Financial Services
News By Tags | #473 #4943

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Gold LBMA Spot

While above $1925 upticks would continue the day. Else, choppy trading is on the cards.

Silver LBMA Spot

Consistent trades above $24.40 would extend pullback rallies. If not, expect corrective selling pressure.

Crude Oil NYMEX

As prices stays above $80.50 would trigger rallies. Else, corrective selloffs are on the cards for the day.

Gold KG Oct

If unable to break the support of Rs 58500 may expect choppy with mild positive bias. Unexpected drop of which would liquidate prices further.

Silver KG Sep

As long as prices stay above Rs 74500 expect to continue rallies. Else, choppy with corrective selloffs are on the cards.

Crude Oil Sep

Recovery upticks may continue while prices stay above Rs 6650. A direct drop below the same may see weak bias for the day.

Natural Gas Sep

Pullback rallies are expected as long as the support of Rs 210 remains hold downside.

Copper Sep

Break above Rs 738 is needed to extend rallies. Inability to do the same may see weakness for the day.

Nickel Sep

Expect choppy with thin volume trading in the near future.

Zinc Sep

Inability to break the support of Rs 210 there are chances of recovery upticks. Break of which may see further weakness in the counter.

Lead Sep

Further selloffs are seen only a break of Rs 183. Otherwise, the momentum mostly on the positive side.

Aluminium Sep

Prices remains choppy inside Rs 196-201 levels and breaking any of the sides would suggest fresh directional moves.

 

To Read Complete Report & Disclaimer Click Here

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer