Commodity Intraday Technical Outlook 08 October 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Consistent trades below $6225 likely to extend weakness. If not may see recovery upticks.
Silver LBMA Spot
Choppy with mild negative bias expected initially. A direct rise above $32.50 would negate the view.
Crude Oil NYMEX
While prices stay above $75 may see further upticks.
Gold KG Oct
If prices stabilise above Rs 75800 would surge further highs. Else, corrective selloffs possible the day.
Silver KG Dec
Inability to break above Rs 94000 there are chances of corrective selloffs for the day.
Crude Oil Oct
As long as prices stay above Rs 6400 would extend rallies. If not, may see corrective selloffs.
Natural Gas Oct
Inability to move past Rs 240 expect weak bias for the day.
Copper Oct
Prices remain choppy inside Rs 840-860 levels and any of the sides breakout would suggest fresh directions.
Nickel Oct
Expect choppy with thin volume trading in the near future.
ZincM Oct
While above Rs 282 sentiment remains on the positive side.
LeadM Oct
Inability to cross above Rs 188 expect mild selling pressure for the day.
AluminiumM Oct
Broad outlook remain positive but it needs to break above Rs 244 to extend fresh rallies.
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