Commodity Intraday Technical Outlook 11 October 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Expect a mild recovery initially. A direct drop below $2600 would extend corrective selling pressure.
Silver LBMA Spot
Prices remains choppy in the early trades. Anyhow major selloffs expected only below $30.
Crude Oil NYMEX
Expect choppy trades inside $72-78 levels and either sides breakout would suggest fresh directions.
Gold KG Oct
It is required to break above Rs 75800 to extend bullish outlook. Else, corrective selloffs possible the day.
Silver KG Dec
Break below Rs 88000 would extend further weakness. Else, recovery rallies expected.
Crude Oil Oct
Break above the immediate resistance of Rs 6500 would extend fresh buying pressure. Else, choppy trades ahead.
Natural Gas Oct
If unable to move past Rs 215 there are chances of recovery upticks for the day.
Copper Oct
Recovery upticks may be seen as long as Rs 816 remain hold downside.
Nickel Oct
Expect choppy with thin volume trading in the near future.
ZincM Oct
Choppy trades inside Rs 286-278 expected the day.
LeadM Oct
Inability to cross above Rs 184 expect mild selling pressure for the day.
AluminiumM Oct
Recovery momentum likely to extend the day while prices stay above Rs 234.
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