Commodity Intraday Technical Outlook 06 September 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
It is required to break above $2530 to extend rallies. Else, choppy trades expected the day.
Silver LBMA Spot
Inability to move past $30 prices remain choppy with mild negative bias.
Crude Oil NYMEX
Liquidation pressure may continue as long as prices stay below $70.
Gold KG Oct
While the support of Rs 71000 remain hold downside, there are chances of mild recovery upticks for the day.
Silver KG Dec
Consistent trades above Rs 82000 likely extend upticks.
Crude Oil Sep
If prices are unable to clear above Rs 6000 expect weak bias to continue for the day.
Natural Gas Sep
While prices stay above $180 intraday momentum mostly on the positive side.
Copper Sep
Recovery rallies expected initially. Immediate downside reversal point is seen at Rs 780.
Nickel Sep
Expect choppy with thin volume trading in the near future.
ZincM Sep
While prices stay below Rs 262 likely to extend weakens.
LeadM Sep
Inability to break below Rs 182 may see extension of recovery rallies.
AluminiumM Sep
Intraday support is seen at Rs 218 which if remain hold there are chances of recovery rallies for the day.
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