Commodity Intraday Technical Outlook 11 October 2023 - Geojit Financial Services
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Gold LBMA Spot
Expect pullback rallies to continue as long as the support of $1820 remain undisturbed.
Silver LBMA Spot
It is required to break and sustain above $22 for strong recovery rallies. Else, choppy trading session is likely for the day.
Crude Oil NYMEX
If the support of $84 remain holds, expect recovery upticks. A direct drop of which would correct prices lower.
Gold KG Dec
Upticks would continue as long as the support of Rs 55800 hold downside. A direct break of which would extend weakness.
Silver KG Dec
Intraday momentum initially choppy but if prices stay above Rs 69000 it may continue upward momentum.
Crude Oil Oct
Break above the immediate resistance of Rs 7200 would extend rallies. Else, corrective selling pressure is likely for the day.
Natural Gas Oct
Positive momentum is intact as long as the support Rs 262 hold downside.
Copper Oct
Prices most likely choppy inside Rs 715-704 levels and breaking any of the sides would suggest fresh directional moves.
Nickel Oct
Expect choppy with thin volume trading in the near future.
Zinc Oct
If the support of Rs 221 remain undisturbed expect recovery pullback. A direct dip below the same would trigger weakness.
Lead Oct
Break below the support of Rs 185 would see further weakness. Else, prices remains choppy for the day.
Aluminium Oct
Consistent trades below Rs 204 there are chances of weakness to continue the day. Else, choppy with upside bias trading is more likely.
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