Commodity Intraday Technical Outlook 1 December 2023 - Geojit Financial Services Ltd
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Gold LBMA Spot
Expect upticks to continue initially. A direct drop below $1990 likely to weaken the sentiments.
Silver LBMA Spot
While above $25.20 there are more potential upside. However, a direct dip below $24.50 would weaken the momentum.
Crude Oil NYMEX
Expect a consolidation initially. A direct drop below $74 is a sign of short term weakness.
Gold KG Feb
Intraday outlook remain on the positive side. A direct drop below Rs 62000 could negate the view.
Silver KG Feb
Positive bias expected initially. However, if it breaks below Rs 73800 would negate the view.
Crude Oil Dec
Inability to break Rs 240 there are chances of selling pressure. Otherwise mild recovery can be seen today
Natural Gas Dec
Inability to break Rs 240 there are chances of selling pressure. Otherwise mild recovery can be seen today.
Copper Dec
Break above Rs 723 expect rallies. If not there are chances of selling pressure.
Nickel Dec
Expect choppy with thin volume trading in the near future.
Zinc Dec
If prices sustain above Rs 224 there are chances of recovery rallies. Else, weakness may continue the day.
Lead Dec
Weak bias may extend as long as prices stay below Rs 188.
Aluminium Dec
As long as pries stay below Rs 202 expect weakness for the day.
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