Commodity Intraday Technical Outlook 02 December 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Break above $2700 likely to extend recovery rallies. Else, choppy with mild weakness expected the day.
Silver LBMA Spot
Further selloffs expected only if prices cleared the support of $29.50.
Crude Oil NYMEX
Break below $68 likely to extend weakness. Else, recovery rallies expected the day.
Gold KG Feb
Inability to move past Rs 77500 there are chances of choppy with mild negative bias for the day.
Silver KG Mar
Stiff resistance is seen at Rs 92000 which if unable to break it would see corrective selling.
Crude Oil Dec
As long as prices stay below Rs 6000 broad trend remains on the weaker side.
Natural Gas Dec
Prices remain choppy inside Rs 292-270 levels and either side breakout would suggest fresh directions.
Copper Dec
If Rs 800 hold downside, there are chances of recovery upticks.
Nickel Dec
Nil volume trades expected.
ZincM Dec
Consistent trades above Rs 282 likely to extend rallies. Else, choppy trading expected.
LeadM Dec
Inability to move past Rs 178 intraday momentum mostly choppy with mild negative bias.
AluminiumM Dec
Prices remain choppy inside Rs 248-239 levels and breaking any of the sides would suggest fresh directions.
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