Commodity Intraday Technical Outlook 07 November 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Corrective selling pressure likely to extend initially. Anyhow stiffs support is placed at $2600.
Silver LBMA Spot
Weak bias may continue as long as prices stay below $32.50.
Crude Oil NYMEX
Consistent trades above Rs 72.50 expect to extend upticks. Else, weakness may continue the day.
Gold KG Dec
Corrective selloffs may continue as long as prices stay below Rs 76500.
Silver KG Dec
Initial bias mostly on the weaker side but if it hold Rs 88000 there are chances of a turnaround.
Crude Oil Nov
Choppy with mild recovery bias expected as long as Rs 5900 hold downside.
Natural Gas Nov
Further selloffs expected only if prices stay below Rs 222.
Copper Nov
Intraday momentum mostly choppy with negative. Stiff support is placed at Rs 790.
Nickel Nov
Nil volume trades expected.
ZincM Nov
If the support of Rs 278 hold downside, there are chances of recovery upticks.
LeadM Nov
Intraday outlook remains choppy with mild upside bias.
AluminiumM Nov
Inability to move past Rs 242 there are chances of corrective selling pressure. Else, choppy trades expected.
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