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04-07-2024 09:17 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 04 July 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Consistent trades above $2360 would extend rallies. Else, weakness is on the cards.

Silver LBMA Spot

Prices remain choppy initially. However, a direct drop below $28.50 may extend weak bias.

Crude Oil NYMEX

Choppy trading expected initially. However as long as the support of $80 remain undisturbed, broad outlook remains positive.

Gold KG Aug

It is required to break above Rs 72000 to extend rallies. Else, choppy trading expected the day.

Silver KG Jul

Mild positive momentum may continue but there is stiff resistance placed at Rs 92000.

Crude Oil Jul

Intraday bias mostly weaker as long as prices stay below Rs 210.

Copper Jul

Recovery upticks expected initially. Break below Rs 848 would trigger liquidation pressure.

Nickel Jul

Expect choppy with thin volume trading in the near future.

Zinc Jul

While above Rs 270 it may extend recovery upticks. Else, corrective selling is on the cards.

Lead Jul

Inability to move past Rs 192 there are chances of selling pressure to continue the day.

Aluminium Jul

While prices consistent above Rs 230, expect recovery rallies would continue the day.

 

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