Commodity Intraday Technical Outlook 10 November 2023 - Geojit Financial Services Ltd
Gold LBMA Spot
Prices remain held under the range of $2000-1930 levels and breaking any of the sides would suggest fresh directional moves.
Silver LBMA Spot
Break above the stiff resistance of $23.80 would extend rallies. Else weak bias likely for the day.
Crude Oil NYMEX
Outlook remains on the weaker side but if it clears the resistance of $78 would see recovery rallies.
Gold KG Dec
A direct break above Rs 60800 would extend recovery upticks. Else, choppy with negative bias trading expected the day.
Silver KG Dec
Likely for a mild upticks recovery but consistent trades above Rs 72000 is needed to continue the momentum.
Crude Oil Nov
While below Rs 6450 expect weak bias for the day. A direct rise above the same is needed to negate the view.
Natural Gas Nov
Weak bias expected initially. A direct turn above Rs 268 would trigger recovery rallies.
Copper Nov
Consistent trades below Rs 705 would extend weakness. If not recovery rallies are on the cards.
Nickel Nov
Expect choppy with thin volume trading in the near future.
Zinc Nov
If unable to move past Rs 224 there are potential upside. A direct fall of which could negate the view.
Lead Nov
Consistent trades below Rs 187 is a sign of weakness. If not, expect recovery rallies.
Aluminium Nov
If unable to move past Rs 204 there are chances of mild recovery upticks. A direct fall below would extend weakness
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