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11-01-2024 12:21 PM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 11 January 2024 - Geojit Financial Services

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Gold LBMA Spot

Prices remain choppy. 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

Range bound trade inside $70-74 levels can see initially and breaking any of the sides would suggest fresh directions

Gold KG Apr

Consistent trades below Rs 61800 would trigger selling pressure. Else, there are chances of a recovery rally

Silver KG Feb

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

Crude Oil Jan

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

Natural Gas Jan

If the support of Rs 235 hold, there are chances of recovery rallies.

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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