Commodity Intraday Technical Outlook 09 August 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Choppy with mild positive bias may extend the day. Stiff support below $2380 would trigger weakness.
Silver LBMA Spot
It is required to trade above $28.50 to trigger major rallies. Else, prices remains choppy.
Crude Oil NYMEX
Recovery rallies likely to extend as long as the support of $72 remain undisturbed.
Gold KG Oct
While above Rs 69500 may extend rallies. Else, choppy trading expected the day.
Silver KG Sep
Recovery bias is likely for the day. If prices drops below Rs 78200 would see further weakness.
Crude Oil Aug
Recovery rallies likely to continue the day. Downside reversal point is at Rs 6050.
Natural Gas Aug
Recovery rallies likely to extend while the support of Rs 160 remain undisturbed.
Copper Aug
Stiff support is seen at Rs 765 which if cleared would extend weakness.
Nickel Aug
Expect choppy with thin volume trading in the near future.
Zinc Aug
Choppy with recovery upticks expected the day. Siff support is seen at Rs 244.
Lead Aug
Consistent trades above Rs 184 may see recovery rallies for the day.
Aluminium Aug
As long as the support of Rs 209 hold downside expect recovery rallies for the day.
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