Commodity Intraday Technical Outlook 01 August 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
A swift turnaround in prices can be see as long as the support of $2400 remain undisturbed.
Silver LBMA Spot
Consistent trades above $28.50 expect recovery rallies. Else, choppy with negative bias expected.
Crude Oil NYMEX
If prices stabilise above $79 it may extend recovery rallies. Else, choppy trading expected the day.
Gold KG Oct
If unable to move past Rs 67500 expect to continue recovery rallies for the day.
Silver KG Sep
If unable to move past Rs 80500 there are potential upticks for the day.
Crude Oil Aug
Upticks would continue as long as Rs 6250 remains hold downside.
Natural Gas Aug
Broad outlook remains on the weaker side. Anyhow support is placed at Rs 167.
Copper Aug
Expect recovery upticks while the support of R785 remain undisturbed.
Nickel Aug
Expect choppy with thin volume trading in the near future.
Zinc Aug
Recovery rallies are on the cards while the support of Rs 248 remains undisturbed.
Lead Aug
Consistent trades above Rs 187 would lift prices higher for the day.
Aluminium Aug
Intraday momentum mostly on the positive side. Further weakness seen only below Rs 208.
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