Commodity Intraday Technical Outlook 08 January 2024 - Geojit Financial Services
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.
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