Commodity Intraday Technical Outlook 09 January 2024 - Geojit Financial Services
Gold LBMA Spot
Expect a mild recovery upticks initially. Anyhow, major downside reversal is seen only below $1990.
Silver LBMA Spot
If the support of $22.50 remain hold expect recovery rallies.
Crude Oil NYMEX
Broad view remains on the weaker side. Sustained trades above $74 would trigger recovery upticks.
Gold KG Apr
Prices remains choppy initially. A direct rise above Rs 64000 would trigger further rallies.
Silver KG Feb
Further selloffs are seen only below Rs 71000. If it holds expect recovery rallies.
Crude Oil Jan
While below Rs 5950 would extend weakness. Major upside reversal point is placed at Rs 6200.
Natural Gas Jan
If the support of Rs 225 holds expect rallies. Else, weak bias may continue.
Copper Jan
Selling pressure likely to continue while below Rs 725.
Nickel Jan
Expect choppy with thin volume trading in the near future.
Zinc Jan
While above Rs 230 upticks would continue. Else, weakness may continue the day.
Lead Jan
Immediate support at Rs 180. Break below would extend weakness.
Aluminium Jan
Likely to continue weakness as long as prices stay below Rs 205. Upside turn around point is at Rs210.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345