Commodity Intraday Technical Outlook 05 December 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Break above $2700 likely to extend recovery rallies. Else, choppy with mild weakness expected the day.
Silver LBMA Spot
A direct break above $31.50 likely to extend pullback rallies. Else, choppy trades are on the cards.
Crude Oil NYMEX
A tight rangebound trade with mild negative 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 Further rallies are seen only above Rs 290. If not, may see corrective selloffs.
LeadM Dec
While prices stay above Rs 182 intraday momentum likely to extend recovery rallies.
AluminiumM Dec
Choppy trades inside Rs 248-239 levels expected and either side breakout would suggest fresh directions.
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