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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