Commodity Intraday Technical Outlook 06 December 2024 - Geojit Financial Services Ltd
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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