Commodity Intraday Technical Outlook 30 August 2023 - Geojit Financial Services
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.
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