Commodity Intraday Technical Outlook 11 December 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Break above $2700 would extend rallies. Immediate downside reversal point is seen at $2620.
Silver LBMA Spot
Recovery rallies may continue while prices stay above $31.50.
Crude Oil NYMEX
Choppy trades expected initially. However, inability to move past $70, broad trend remains weak.
Gold KG Feb
Consistent trades above Rs 77500 likely to extend rallies. Else, corrective selloffs is likely.
Silver KG Mar
It is required to break above Rs 96000 to extend rallies. Else, weak bias is on the cards.
Crude Oil Dec
While prices stay above the support of Rs 5700 there are chances of recovery rallies.
Natural Gas Dec
As long as the support of Rs 250 hold, expect choppy with recovery rallies for the day.
Copper Dec
Consistent trades above Rs 830 likely to lift prices further higher.
Nickel Dec
Nil volume trades expected.
ZincM Dec
Further rallies are seen only above Rs 290. If not, may see corrective selloffs.
LeadM Dec
As long as prices stay below Rs 183 intraday sentient mostly downbeat.
AluminiumM Dec
Prices remain congested inside Rs 248-239 levels and either side breakout would suggest fresh directions.
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