Commodity Intraday Technical Outlook 01 September 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Break above $2530 would extend rallies. Else, choppy trades expected the day.
Silver LBMA Spot
A direct break below $28.50 may see extension of rallies. It is necessary to cross above $30 for further upticks.
Crude Oil NYMEX
Choppy with negative bias expected initially. Anyhow stiff support is seen at $71.
Gold KG Oct
Consistent trades above Rs 72000 would extend rallies. Else, choppy with corrective dips expected.
Silver KG Dec
Prices remains choppy initially. A direct break below Rs 85000 likely to liquidate further.
Crude Oil Sep
Prices remain range bound initially. Anyhow broad trading range expected inside Rs 6000-6500 levels.
Natural Gas Sep
There are chances of recovery upticks while prices stay above Rs 178.
Copper Sep
Break above Rs 810 would see fresh rallies. Else, weakness expected.
Nickel Sep
Expect choppy with thin volume trading in the near future.
Zinc Sep
While prices stay above Rs 268 would extend rallies. Else choppy trading is on the cards.
Lead Sep
Inability to move past Rs 188 expect corrective selloffs for the day.
Aluminium Sep
There are chances of recovery rallies while the support of Rs 226 hold downside.
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