08-08-2024 09:42 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 08 August 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Prices remain choppy initially. Anyhow stiff support is placed at $2380.

Silver LBMA Spot

It is required to trade above $28.50 to trigger major rallies. Else, prices remains choppy.

Crude Oil NYMEX

Recovery rallies likely to extend as long as the support of $72 remain undisturbed.

Gold KG Oct

Break above Rs 69500 would trigger rallies. Else, choppy trading expected but stiff support is at Rs 68000.

Silver KG Sep

Weak bias may continue if prices drop below Rs 78200.

Crude Oil Aug

Mild upside expected the day. Further selloffs seen only below Rs 6000.

Natural Gas Aug

Recovery rallies likely to extend while the support of Rs 160 remain undisturbed.

Copper Aug

Stiff support is seen at Rs 765 which if cleared would extend weakness.

Nickel Aug

Expect choppy with thin volume trading in the near future.

Zinc Aug

Likely for choppy with recovery upticks for the day.

Lead Aug

Consistent trades above Rs 184 may see recovery rallies for the day.

Aluminium Aug

Prices continue in a choppy range with mild negative bias.

 

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