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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