Commodity Intraday Technical Outlook 11 September 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
It is required to break above $2530 to extend rallies. Else, choppy trades expected the day.
Silver LBMA Spot
Intraday bias mostly choppy with mild positive. Anyhow, break above $30 would trigger fresh rallies.
Crude Oil NYMEX
Weak bias likely to continue as long as prices stay below $70.
Gold KG Oct
While the support of Rs 71000 remain hold downside, there are chances of mild recovery upticks for the day.
Silver KG Dec
Recovery rallies expected initially. Further selloffs expected only below Rs 82000.
Crude Oil Sep
Immediate support is seen at Rs 5500 which if cleared would extend further liquidation.
Natural Gas Sep
A direct rise above Rs 192 likely to extend recovery rallies. Else, choppy trades are on the cards.
Copper Sep
Rangebound trades inside Rs 810-770 levels expected the day.
Nickel Sep
Expect choppy with thin volume trading in the near future.
ZincM Sep
If unable to break the support of Rs 250 recovery rallies are on the cards.
LeadM Sep
Immediate support of Rs 180 remain undisturbed, expect mild recovery rallies for the day.
AluminiumM Sep
Prices remain choppy with potential upside. Anyhow a direct drop below Rs 218 would extend liquidation.
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