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10-01-2024 10:47 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 10 January 2024 - Geojit Financial Services

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Gold LBMA Spot

Expect a mild recovery upticks initially. Anyhow, major downside reversal is seen only below $1990.

Silver LBMA Spot

If the support of $22.50 remain hold expect choppy with recovery upticks.

Crude Oil NYMEX

Expect a choppy trade inside $70-74 range and breaking any of the sides would suggest fresh directions

Gold KG Apr

Prices remains choppy initially. A direct rise above Rs 64000 would trigger further rallies.

Silver KG Feb

Break below Rs 71000 would extend selling pressure. Else, recovery rallies are on the cards.

Crude Oil Jan

Break below Rs 5950 would extend weakness. Major upside reversal point is placed at Rs 6200.

Natural Gas Jan

Expect an initial correction followed by recovery rallies. Break below Rs235 is a sign of downside reversal.

Copper Jan

Selling pressure likely to continue while below Rs 725.

Nickel Jan

Expect choppy with thin volume trading in the near future.

Zinc Jan

A direct fall below Rs 224 may see further weakness. Else, recovery upticks expected.

Lead Jan

Immediate support at Rs 180. Break below would extend weakness.

Aluminium Jan

Weak bias may extend as long as prices stay below Rs 205. Anyhow stiff support is placed at Rs 201.

 

 

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