08-11-2024 08:59 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 08 November 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Choppy with corrective selling pressure is likely. 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

Further selloffs is expected only below Rs 76300 if unable to break it would see recovery rallies.

Silver KG Dec

Consistent trades above Rs 92500 likely to extend upticks. Else, weakness would continue the day.

Crude Oil Nov

A direct break above Rs 6100 would extend rallies. Else, corrective selloffs expected.

Natural Gas Nov

Choppy trades expected initially. Further selloffs expected only if prices stay below Rs 222.

Copper Nov

Intraday momentum mostly choppy with mild positive. Immediate and stiff support is placed at Rs 828.

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. Break above Rs 183 would extend recovery rallies.

AluminiumM Nov

Upticks would continue as long as prices stay above Rs 242. Break below Rs 238 is a weak signal.

 

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