Commodity Intraday Technical Outlook 12 December 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
While above $2700 likely to push prices higher. Immediate downside reversal point is seen at $2620.
Silver LBMA Spot
Choppy with mild positive bias expected as long as prices stay above $31.50.
Crude Oil NYMEX
A direct rise above $70 may extend rallies. If not, there are chances of selling pressure.
Gold KG Feb
While prices stay above Rs 77500 likely to extend rallies. Else, corrective selloffs is likely.
Silver KG Mar
It is required to break above Rs 96000 to extend rallies. Else, weak bias is on the cards.
Crude Oil Dec
Intraday resistance is seen at Rs 6000 which needs to be cleared for further rallies.
Natural Gas Dec
As long as the support of Rs 250 hold, expect choppy with recovery rallies for the day.
Copper Dec
Consistent trades above Rs 830 likely to lift prices further higher.
Nickel Dec Nil
volume trades expected.
ZincM Dec
Break above Rs 295 there are chances of further rallies. If not may see selling pressure.
LeadM Dec
As long as prices stay below Rs 183 intraday sentient mostly downbeat.
AluminiumM Dec
If unable to move past Rs 248 intraday bias mostly choppy. Anyhow, stiff support is placed at Rs 239.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345