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09-12-2024 10:58 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 09 December 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Immediate resistance at $2700 which if cleared would extend rallies. Else, choppy trades is on the cards.

Silver LBMA Spot

Initial moves are choppy inside a tight range. A direct break above $31.50 likely to extend pullback rallies.

Crude Oil NYMEX

Inability to move past $70 weak bias continue for the day. Upside turnaround point is seen at $72.

Gold KG Feb

Choppy trades is on the cards. Break above Rs 77500 likely to extend rallies.

Silver KG Mar

Consistent trades above Rs 92000 may extend upticks. Else, weak bias is on the cards.

Crude Oil Dec

As long as prices stay below Rs 6000 broad trend remains on the weaker side.

Natural Gas Dec

As long as the support of Rs 250 hold, expect recovery rallies for the day.

Copper Dec

If unable to break Rs 830 intraday sentiments mostly on the weaker side.

Nickel Dec

Nil volume trades expected. ZincM Dec Further rallies are seen only above Rs 290. If not, may see corrective selloffs.

LeadM Dec

Consistent trades above Rs 182 likely to extend recovery rallies.

AluminiumM Dec

Prices remain choppy inside Rs 248-239 levels and either side breakout would suggest fresh directions.

 

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