04-10-2023 11:17 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 04 October 2023 - Geojit Financial Services

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Gold LBMA

Spot Liquidation pressure likely to continue while prices stay below $1880. Immediate upside turnaround point is placed at $1920.

Silver LBMA

Spot Choppy with negative bias expected initially. Major support is seen at $20.20 which if cleared would extend weakness.

Crude Oil NYMEX

Consistent trades below $88 would extend liquidation pressure. Else, there are chances of recovery upticks. 

Gold KG Dec

Selling pressure to extend while prices stay below

Rs 58000. A close above Rs 60200 is required to negate the bearish outlook.

Silver KG Dec

Weakness remain on the cards as long as prices stay

below Rs 69500. Immediate upside turnaround point

is placed at Rs 72500.

Crude Oil Oct

Further weakness is seen only below Rs 7300. If not,

expect a mild recovery uptick for the day.

Natural Gas Oct

Further rallies are seen only a close above Rs 245.

Inability to break the same may see corrective selling pressure.

Copper Oct

Intraday outlook seems bearish initially but if it

clears the support of Rs 706 would see further liquidation pressure.

Nickel Oct

Expect choppy with thin volume trading in the near

future Zinc Oct

While prices stay below Rs 225 there are more potential downside. Unexpected rise above the same

would see recovery upticks.

Lead Oct

Corrective selloffs would see if prices are unable to

move past Rs 188.

Aluminium Oct

Break above Rs 210 would see extension of rallies.

Else, choppy with corrective selloffs expected the

day.


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