Commodity Intraday Technical Outlook 03 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
While below $68 likely to extend weakness. Immediate upside turnaround point is seen at $71.50.
Gold KG Feb
Inability to move past Rs 77500 intraday trend remain choppy with mild negative.
Silver KG Mar
A direct rise above Rs 92000 expect recovery rallies for the day.
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
Break above Rs 287 expect recovery upticks to continue the day. Else, choppy trading expected.
LeadM Dec
Consistency above Rs 182 it may extend upticks. Else, corrective selloffs are on the cards.
AluminiumM Dec
Choppy trades inside Rs 248-239 levels expected and either sides breakout would suggest fresh directions.
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