Commodity Intraday Technical Outlook 09 September 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Break above $2530 would extend rallies. Else, choppy trades expected the day.
Silver LBMA Spot
A direct drop below $27.50 would liquidate prices further. Else, mild upticks would be seen.
Crude Oil NYMEX
A mild recovery rallies expected. However, a direct drop below $70 it may extend weakness.
Gold KG Oct
While the support of Rs 71000 remain hold downside, there are chances of mild recovery upticks for the day.
Silver KG Dec
Consistent trades above Rs 82000 likely extend upticks.
Crude Oil Sep
If the support Rs 5700 holds expect a mild turnaround.
Natural Gas Sep
If unable to move past Rs 192 expect weakness to continue the day.
Copper Sep
Prices remain choppy inside Rs 800-770 and either side breakout would guide fresh directions.
Nickel Sep
Expect choppy with thin volume trading in the near future.
ZincM Sep
While prices stay below Rs 255 likely to extend weakens.
LeadM Sep
As long as prices stay below RS 180 may extend weak for the day.
AluminiumM Sep
Support placed at Rs 218 which if remain hold there are chances of recovery upticks for the day.
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