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06-12-2024 09:04 AM | Source: Geojit Financial Services Ltd.
Commodity Intraday Technical Outlook 06 December 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Break above $2700 likely to extend recovery rallies. Else, choppy with mild weakness expected the day.

Silver LBMA Spot

A direct break above $31.50 likely to extend pullback rallies. Else, choppy trades are on the cards.

Crude Oil NYMEX

Inability to move past $70 weak bias continue for the day. Upside turnaround point is seen at $72.

Gold KG Feb

While prices stay below Rs 77500 weak bias prevails in the counter.

Silver KG Mar

Break above Rs 92000 likely to extend upticks. Else, weak bias is on the cards.

Crude Oil Dec

As long as prices stay below Rs 6000 broad trend remains on the weaker side.

Natural Gas Dec

While below Rs 270 intraday momentum mostly choppy with negative.

Copper Dec

If unable to break Rs 830 intraday sentiments mostly on the weaker side.

Nickel Dec

Nil volume trades expected.

ZincM Dec

Further rallies are seen only above Rs 290. If not, may see corrective selloffs.

LeadM Dec

Consistent trades above Rs 182 likely to extend recovery rallies.

AluminiumM Dec

Choppy trades inside Rs 248-239 levels expected and either side breakout would suggest fresh directions.

 

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