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05-10-2023 09:57 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 05 October 2023 - Geojit Financial Services

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Gold LBMA

A mild turnaround in prices can be seen if $1810 remains holds downside. A direct drop below would liquidate prices further.

Silver LBMA

Further selloffs are see only below $20.50. If unable to move past the same may see recovery upticks.

Crude Oil NYMEX

Break below the immediate support of $84 would extend weakness. Else, mild recovery bias expected.

Gold KG Dec

Immediate support is seen at Rs 56500 which needs to be cleared for continuation of liquidation. If not expect recovery rallies.

Silver KG Dec

Prices needs to break the support of Rs 66000 to continue weakness. Else, recovery rallies are on the cards.

Crude Oil Oct

While prices stay below Rs 7300 weak momentum to continue the day. Consistent trades above the same would negate the view. 

Natural Gas Oct

Upticks may extend while the support of Rs 245 remains holds downside. Unexpected drop below it could negate the view. 

Copper Oct

Bearish outlook remain intact as long as prices stay below Rs 706. A direct turn above the same is a sign of recovery rallies. 

Nickel Oct

Expect choppy with thin volume trading in the near future.

Zinc Oct

Expect a tight trade inside Rs 225-221 levels and breaking any of the sides would required to trigger fresh directional moves.

Lead Oct

Prices remains choppy inside Rs 185-189 levels and breaking any of the sides would suggest fresh directional moves

Aluminium Oct

If unable to move past Rs 205 there are potential upside. Stable trades below the same would extend selloffs.


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