Commodity Intraday Technical Outlook 06 October 2023 - Geojit Financial Services
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Gold LBMA Spot
A mild turnaround in prices can be seen if $1810 remains holds downside. A direct drop below would liquidate prices further.
Silver LBMA Spot
Further selloffs are see only below $20.50. If unable to move past the same may see recovery upticks.
Crude Oil NYMEX
Immediate support is seen at $82 which needs to be cleared for further weakness. Inability to do so, may see recovery rallies.
Gold KG Dec
Amild recovery expected as long as the support of Rs 55800 hold downside. A direct break of which would extend weakness.
Silver KG Dec
Prices needs to break the support of Rs 66000 to continue weakness. Else, recovery rallies are on the cards.
Crude Oil Oct
Break below Rs 6900 weakness would extend the day. If not there are chances of recovery upticks.
Natural Gas Oct
Upticks may extend while the support of Rs 245 remains holds downside. Unexpected drop below it could negate the view.
Copper Oct
Prices remains under pressure as long as it stays below Rs 704. direct turn above the same is a sign of recovery rallies.
Nickel Oct
Expect choppy with thin volume trading in the near future.
Zinc Oct
Initial bias mostly choppy inside Rs 225-221 levels and breaking any of the sides would suggest fresh directional moves.
Lead Oct
Break below the support of Rs 185 would see further weakness. Else, prices remains choppy for the day.
Aluminium Oct
Inability to move past Rs 204 there are possibilities of upside turnaround in prices.
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