Commodity Intraday Technical Outlook 05 November 2024 - Geojit Financial Services Ltd
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
Tight rangebound trades expected initially. Break above Rs 6080 would trigger fresh rallies.
Natural Gas
Nov Upticks likely to continue while the support of Rs 224 remains undisturbed.
Copper Nov
If unable to move past Rs 858 there are chances of corrective selling pressure for the day.
Nickel Nov
Nil volume trades expected. ZincM Nov Break below Rs 282 would initiate further selloffs for the day.
LeadM Nov
Prices remain rangebound inside Rs 184-181 levels and either side breakout would suggest fresh directions.
AluminiumM Nov
If unable to move past Rs 244 there are possibilities of corrective selling pressure to continue the day
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