Powered by: Motilal Oswal
07-11-2024 09:41 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 07 November 2024 - Geojit Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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.

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer