Commodity Intraday Technical Outlook 09 October 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
While below $6225 likely to extend weak bias. If not may see recovery upticks.
Silver LBMA Spot
Further selloffs expected only below $30. If unable to do it may see recovery upticks.
Crude Oil NYMEX
Prices mostly choppy inside $72-78 levels and either sides breakout would suggest fresh directions.
Gold KG Oct
If prices stabilise above Rs 75800 would surge further highs. Else, corrective selloffs possible the day.
Silver KG Dec
If unable to move past Rs 90000 there are chances of corrective selloffs for the day.
Crude Oil Oct
Further rallies seen only above Rs 6500. If unable to break it would see corrective selling.
Natural Gas Oct
Inability to move past Rs 240 expect weak bias for the day.
Copper Oct
Prices remain choppy inside Rs 830-842 levels and any of the sides breakout would suggest fresh directions.
Nickel Oct
Expect choppy with thin volume trading in the near future.
ZincM Oct
While above Rs 280 sentiment remains on the positive side.
LeadM Oct
Inability to cross above Rs 188 expect mild selling pressure for the day.
AluminiumM Oct
Expect choppy with negative bias as long as prices stay below Rs 236.
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