08-01-2024 10:51 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 08 January 2024 - Geojit Financial Services

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

Gold LBMA Spot

Prices remains choppy initially. Anyhow, major downside reversal is seen only below $1990.

Silver LBMA Spot

A mild upticks expected and further selloffs are seen only below $22.20

Crude Oil NYMEX

A direct break above $74 would extend recovery upticks. Else, the sentiment remains on the weaker side.

Gold KG Apr

Prices remains choppy initially. A direct rise above Rs 64000 would trigger further rallies.

Silver KG Feb

A direct break of Rs 71000 broad sentiment turned into weakness. Else, choppy trading is expected.

Crude Oil Jan

Break above Rs 6200 would see extension of rallies. Else, choppy with corrective selling expected.

Natural Gas Jan

If unable to break Rs 240 expect weak bias for the day. A direct lift above it would trigger new rallies.

Copper Jan

It is required to break and sustain above Rs 730 to trigger rallies. Else, may see corrective selling pressure.

Nickel Jan

Expect choppy with thin volume trading in the near future.

Zinc Jan

While above Rs 230 upticks would continue. Else, weakness is likely for the day.

Lead Jan

Immediate support at Rs 180. Break below would extend weakness.

Aluminium Jan

Prices remain choppy inside Rs 205-210 levels and breaking any of the sides would suggest fresh directions.

 

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