Commodity Intraday Technical Outlook 06 November 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Recovery upticks are possible. Further selloffs expected only a break of $2700.
Silver LBMA Spot
Choppy trades expected initially. Downside reversal point is placed at $30.
Crude Oil NYMEX
Consistent trades above $72 likely to extend rallies. Else, corrective selloffs expected the day
Gold KG Dec
Breaking Rs 79000 is required to trigger fresh rallies. Else, corrective selloffs are likely.
Silver KG Dec
Expect a choppy trading initially. Anyhow break above Rs 98000 would trigger fresh rallies.
Crude Oil Nov
Consistent trades above Rs 6100 would extend rallies. Inability to do so may see corrective selloffs.
Natural Gas Nov
Expect a tight trade inside Rs 238-222 levels and either side breakout would suggest fresh directions.
Copper Nov
If unable to move past Rs 862 there are chances of corrective selling pressure for the day.
Nickel Nov
Nil volume trades expected.
ZincM Nov
Expect mild negative bias as long as prices stay below Rs 285.
LeadM Nov
Prices remain rangebound inside Rs 184-181 levels and either side breakout would suggest fresh directions.
AluminiumM Nov
A direct rise above Rs 244 expect fresh rallies. Inability to do so may see corrective selloffs.
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