Commodity Intraday Technical Outlook 04 September 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
It is required to break above $2530 would extend rallies. Else, choppy trades expected the day.
Silver LBMA Spot
Choppy with mild negative bias expected while prices stay below $28.50.
Crude Oil NYMEX
Liquidation pressure may continue as long as prices stay below $70.
Gold KG Oct
Break below Rs 71000 would extend weakness. If not may see recovery rallies.
Silver KG Dec
Break below Rs 82000 likely continue the weak momentum.
Crude Oil Sep
As prices cleared the support of Rs 6000 it may extend weakness for the day.
Natural Gas Sep
There are chances of recovery upticks while prices stay above Rs 174.
Copper Sep
Immediate support is at Rs 780 which needs to be cleared for further selloffs.
Nickel Sep
Expect choppy with thin volume trading in the near future.
ZincM Sep
As long as Rs 262 hold downside there are chances of recovery upticks for the day.
LeadM Sep
Break below Rs 182 may see extension of selloffs. Else, recovery rallies are on the cards.
AluminiumM Sep
Consistent trades below Rs 222 may see further selling pressure in the counter.
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