Powered by: Motilal Oswal
03-01-2024 11:16 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 03 January 2024 - Geojit Financial Services

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Gold LBMA Spot

Choppy with corrective selloffs expected initially. Anyhow, major downside reversal is seen only below $1990.

Silver LBMA Spot

Consistent trades below $23.40 would weaken the sentiments further. Else recovery rallies are expected.

Crude Oil NYMEX

Broad view remains on the weaker side. Sustained trades above $74 would trigger recovery upticks.

Gold KG Apr

Prices remains choppy initially. A direct rise above Rs 64000 would trigger further rallies.

Silver KG Feb

Consistent trades above Rs 75000 is required to extend rallies. Else, weak bias would extend the day.

Crude Oil Jan

While below Rs 5950 would extend weakness. Else, recovery rallies are on the cards.

Natural Gas Jan

Resistance at Rs 223 which needs to be cleared for further rallies. Else, choppy with negative bias expected.

Copper Jan

While above Rs 730 would extend rallies. Else, may see corrective selling pressure.

Nickel Jan Expect

choppy with thin volume trading in the near future.

Zinc Jan

While above Rs 230 upticks would continue. Else, weakness may continue the day.

Lead Jan

Immediate support at Rs 180. Break below would extend weakness.

Aluminium Jan

Expect a choppy trade inside Rs 205-210 levels and breaking any of the sides would suggest fresh directions.

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer