Commodity Intraday Technical Outlook 10 July 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Consistent trades above $2360 outlook remain positive. Else, weakness is on the cards.
Silver LBMA Spot
While above $30 expect recovery upticks. A direct drop below $28.50 may trigger weakness.
Crude Oil NYMEX
Further rallies seen only above $84. If not, may see corrective selloffs today.
Gold KG Aug
Consistent trades below Rs 72000 may extend weakness for the day.
Silver KG Sep
Stiff resistance placed at Rs 94000, beak of which would extend rallies. Else weakness expected the day.
Crude Oil Jul
Break below Rs 6700 may see corrective selling pressure.
Natural Gas Jul
A mild recovery expected as long as Rs 194 hold downside.
Copper Jul
Inability to break the support of Rs 880 weakness expected the day.
Nickel Jul
Expect choppy with thin volume trading in the near future.
Zinc Jul
As long as Rs 270 hold downside, there are chances of recovery rallies.
Lead Jul
Beak below Rs 188 there are chances of selling pressure to extend the day as well.
Aluminium Jul
Support is placed at Rs 230 break of which may extend weakness. Otherwise may see recovery rallies.
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