Commodity Intraday Technical Outlook 08 November 2024 - Geojit Financial Services Ltd
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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