Commodity Intraday Technical Outlook 09 December 2024 - Geojit Financial Services Ltd
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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