05-09-2024 09:25 AM | Source: Geojit Financial Services Ltd.
Commodity Intraday Technical Outlook 05 September 2024 - Geojit Financial Services Ltd

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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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