Commodity Intraday Technical Outlook 04 November 2024 - Geojit Financial Services Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Gold LBMA Spot
Recovery upticks are possible. Further selloffs expected only a break of $2700.
Silver LBMA Spot
Choppy trades expected initially. Downside reversal point is placed at $30.
Crude Oil NYMEX
Prices remain rangebound inside $71-67 levels and either side breakout would suggest fresh directions.
Gold KG Dec
Resistance is seen at Rs 79000 which needs to be cleared for further rallies.
Silver KG Dec
Expect a choppy trading initially. Anyhow break above Rs 98000 would trigger fresh rallies.
Crude Oil Nov
Expect a choppy trade inside Rs 6100-5750 levels and either side breakout would set fresh directions.
Natural Gas Nov
Recovery upticks expected as long as prices stay above Rs 220.
Copper Nov
Consistent trades above Rs 850 would trigger fresh rallies for the day.
Nickel Nov
Nil volume trades expected. ZincM Nov Inability to break below Rs 284 there are potential upside for the day.
LeadM Nov
Weak bias may continue while prices stay below Rs 182.
AluminiumM Nov
A mild recovery rallies can see initially. A direct dip below Rs 238 may extend weak bias.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
