Commodity Intraday Technical Outlook 09 October 2023 - Geojit Financial Services
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Gold LBMA Spot
Further selloffs are seen only below $1810. Otherwise recovery rallies are expected the day.
Silver LBMA Spot
Upticks would continue as long as the support of $20.50 remains holds downside. A direct dip below the same would extend weakness.
Crude Oil NYMEX
Expect a gap up opening but the momentum would continue only if prices sustain above $89. Else, choppy trading is on the cards for the day.
Gold KG Dec
Recovery rallies would see as long as the support of Rs 55800 hold downside. A direct break of which would extend weakness.
Silver KG Dec
Prices needs to break the support of Rs 66000 to continue weakness. Else, recovery rallies are on the cards.
Crude Oil Oct
Expect recovery rallies as long as the support of Rs 6800 hold downside. Consistency below the same would see weakness.
Natural Gas Oct
Intraday momentum mostly on the positive side as long as the support Rs 262 hold downside.
Copper Oct
A direct break of Rs 695 would see weak bias to extend the day. Else, recovery rallies are possible in the counter.
Nickel Oct
Expect choppy with thin volume trading in the near future.
Zinc Oct
Intraday bias mostly on the positive side as long as it stays above Rs 225. Unexpected drop below Rs 221 is a sign of weakness.
Lead Oct
Break below the support of Rs 185 would see further weakness. Else, prices remains choppy for the day.
Aluminium Oct
Stiff support is seen at Rs 204 which if remain undisturbed expect recovery momentum.
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