Commodity Intraday Technical Outlook 03 October 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Choppy trades are likely but broad sentiment remains on the bullish side.
Silver LBMA Spot
A direct rise above $32.50 would extend rallies. Else, choppy trades are likely for the day.
Crude Oil NYMEX
As long as $70 holds downside, there are chances of recovery rallies for the day.
Gold KG Oct
As long as the support of Rs 74900 remain undisturbed expect rallies would continue the day.
Silver KG Dec
Prices remain choppy initially. A direct break above Rs 94000 would trigger fresh bullish rallies.
Crude Oil Oct
Immediate bias likely to be positive but it needs to clear Rs 6100 for triggering major rallies.
Natural Gas Oct
While above Rs 240 there are chances of extension of recovery rallies.
Copper Oct
Further rallies expected only above Rs 865. If unable to break it would see corrective selling pressure.
Nickel Oct
Expect choppy with thin volume trading in the near future.
ZincM Oct
While above Rs 282 sentiment remains on the positive side.
LeadM Oct
If unable to break above Rs 185 expect mild selling pressure for the day.
AluminiumM Oct
Upticks may continue as long as prices stay above Rs 236. Unexpected drop below Rs 232 could negate the view.
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