01-10-2024 12:22 PM | Source: Geojit Financial Services Ltd.
Commodity Intraday Technical Outlook 01 October 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Choppy trades expected initially. Anyhow, broad outlook remain on the bullish side.

Silver LBMA Spot

A direct rise above $32.50 would extend rallies. If unable to move past the same would see corrective selling pressure.

Crude Oil NYMEX

Break above $70 likely to initiate fresh rallies. Else, corrective selling pressure expected.

Gold KG Oct

Break above Rs 75500 would extend rallies. If not, it may trigger corrective selling pressure.

Silver KG Dec

Prices remain choppy initially. A direct break above Rs 94000 would trigger fresh bullish rallies.

Crude Oil Oct

Prices remain rangebound inside Rs 6100-5600 levels and either side breakout would suggest fresh directions.

Natural Gas Oct

While above Rs 240 there are chances of extension of recovery rallies.

Copper Oct

Resistance is placed at Rs 865 which needs to be cleared for further rallies.

Nickel Oct

Expect choppy with thin volume trading in the near future.

ZincM Oct

Consistent trades above Rs 280 expect recovery rallies to continue the day.

LeadM Oct

While above Rs 184 it may extend rallies. Else, choppy with corrective selloffs.

AluminiumM Oct

As long as Rs 232 remain hold downside, intraday momentum mostly on the positive side for the day.

 

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