09-07-2024 09:17 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 09 July 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Consistent trades above $2360 would extend rallies. Else, weakness is on the cards.

Silver LBMA Spot

While above $30 positive outlook remain intact. A direct drop below $28.50 may trigger weakness.

Crude Oil NYMEX

Further rallies seen only above $84. If not, may see corrective selloffs today.

Gold KG Aug

Weak bias expected initially. It is required to break above Rs 72250 to extend rallies.

Silver KG Sep

Choppy with mild negative momentum may continue but there is stiff resistance placed at Rs 94000.

Crude Oil Jul

Range bound trade inside Rs 6800-7100 levels expected and any sides breakout would suggest fresh directions.

Natural Gas Jul

A mild recovery expected as long as Rs 194 hold downside.

Copper Jul

Recovery upticks expected initially. Break below Rs 848 would trigger liquidation pressure.

Nickel Jul

Expect choppy with thin volume trading in the near future.

Zinc Jul

If prices break the resistance of Rs 278 may extend recovery rallies. Else, corrective selling is on the cards.

Lead Jul

Inability to move past Rs 192 there are chances of selling pressure to continue the day.

Aluminium Jul

A direct break below Rs 230 would extend weakness. Else, recovery upticks expected the day.

 

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