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04-12-2024 09:02 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 04 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

Inability to break below $68 choppy with weak bias expected. Upside turnaround point is seen at $72.

Gold KG Feb

While prices stay below Rs 77500 there are chances of choppy with mild negative bias for the day.

Silver KG Mar

Consistent trades above Rs 92000 likely to extend upticks. Else, weak bias is on the cards.

Crude Oil Dec

As long as prices stay below Rs 6000 broad trend remains on the weaker side.

Natural Gas Dec

While below Rs 270 intraday momentum mostly choppy with negative.

Copper Dec

A direct rise above Rs 825 may extend upticks. Else, choppy trades expected the day.

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

Choppy trades inside Rs 248-239 levels expected and either side breakout would suggest fresh directions.

 

 

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