06-12-2023 11:04 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 06 December 2023 - Geojit Financial Services Ltd - Geojit Financial Services

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Gold LBMA Spot

Choppy with mild corrective selloffs expected initially. Anyhow broad trend remains on the positive side as long as it stays above $1990.

Silver LBMA Spot

It required to break above $25.20 to continue rallies. Else, likely see choppy momentum for the day.

Crude Oil NYMEX

Intraday outlook remains on the weaker side as long as its stays below $74. Immediate upside turnaround point is placed at $78.

Gold KG Feb

Prices remain choppy with mild negative bias. However, major selloffs are expected only below Rs 62000.

Silver KG Feb

Further rallies are expected only above Rs 77200. If not, expect weak bias for the day.

Crude Oil Dec

Consistency below Rs 6100 would further weaken the sentiment. Else, recovery upticks are possible the day.

Natural Gas Dec

Immediate upside turn around point is placed at Rs 240. If unable to move past the same would extend weakness.

Copper Dec

Consistent trades above Rs 725 expect rallies. If not there are chances of selling pressure.

Nickel Dec

Expect choppy with thin volume trading in the near future.

Zinc Dec

If prices sustain above Rs 224 there are chances of recovery rallies. Else, weakness may continue the day.

Lead Dec

A direct rise above Rs 188 could negate the prevailing weak momentum and edge prices higher.

Aluminium Dec

Intraday momentum most likely on the weaker side. However, a direct rise above Rs 203 could negate the view.

 

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