Commodity Intraday Technical Outlook 05 September 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
It is required to break above $2530 to extend rallies. Else, choppy trades expected the day.
Silver LBMA Spot
Choppy with mild negative bias expected while prices stay below $28.50.
Crude Oil NYMEX
Liquidation pressure may continue as long as prices stay below $70.
Gold KG Oct
Inability to move past Rs 71000 there are chances of mild recovery upticks for the day.
Silver KG Dec
Consistent trades above Rs 82000 likely extend upticks.
Crude Oil Sep
As prices cleared the support of Rs 6000 it may extend weakness for the day.
Natural Gas Sep
Choppy trads expected inside Rs 190-174 levels and either side breakout would suggest fresh directions.
Copper Sep
Immediate support is at Rs 780 which needs to be cleared for further selloffs.
Nickel Sep
Expect choppy with thin volume trading in the near future.
ZincM Sep
While prices stay below Rs 262 likely to extend weakens
LeadM Sep
Inability to break below Rs 182 may see extension of recovery rallies.
AluminiumM Sep
Consistent trades below Rs 220 may see further selling pressure in the counter. Else recovery rallies expected the day.
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