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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