11-07-2024 11:46 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 11 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 

Expect a tight range trade inside $31.50-30 expected initially and either side breakout would suggest fresh directions.  

Crude Oil NYMEX 

Choppy with recovery upticks expected initially. Anyhow major rallies seen only above $84.  

Gold KG Aug

It is required to break above Rs 73100 to extend rallies. Else, choppy trading expected 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 

Mild recovery upticks expected initially. Break below Rs 6700 weakness likely to continue the day.  

Natural Gas Jul 

A mild recovery expected as long as Rs 192 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 

As long as prices stay below Rs 230 choppy with mild weak bias expected the day.  

 

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