06-08-2024 11:51 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 06 August 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Choppy with mild recovery bias expected the day. Anyhow stiff support is placed at $2380.

Silver LBMA Spot

It is required to trade above $28.50 to trigger major rallies. Else, prices remains choppy.

Crude Oil NYMEX

Consistent trades below $72 would trigger selloffs. Else, recovery rallies expected.

Gold KG Oct

Upside recovery expected as long as Rs 69500 hold downside.

Silver KG Sep

Choppy with recovery rallies are on the cards for the day.

Crude Oil Aug

Mild turnaround in prices expected the day. Further selloffs expected only below Rs 6000.

Natural Gas Aug

Broad outlook remains on the weaker side. Anyhow support is placed at Rs 167.

Copper Aug

Stiff support is seen at Rs 765 which if cleared would extend weakness.

Nickel Aug

Expect choppy with thin volume trading in the near future.

Zinc Aug

Choppy with recovery upticks expected the day.

Lead Aug

A direct break below Rs 186 would extend weakness for the day.

Aluminium Aug

If unable to move past Rs 208 there are potential upside for the day.

 

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