Commodity Intraday Technical Outlook 12 November 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Choppy with corrective selling pressure is likely. Anyhow stiffs support is placed at $2600.
Silver LBMA Spot
Weak bias may continue as long as prices stay below $32.50.
Crude Oil NYMEX
As long as prices stay below $68 it may extend weakness for the day.
Gold KG Dec
Selling pressure may continue if prices drop below Rs 75000. Else, mild recovery upticks expected.
Silver KG Dec
Consistent trades above Rs 90000 likely to extend weakness. Else, recovery upticks are on the cards.
Crude Oil Nov
Expect to extend weak bias while prices stay below Rs 5800. Stiff resistance is placed at Rs 5980.
Natural Gas Nov
Prices continue to stay firm as long as the support of Rs 238 remain undisturbed.
Copper Nov
Intraday momentum mostly choppy with mild negative. Immediate and stiff resistance is at Rs 835.
Nickel Nov
Nil volume trades expected.
ZincM Nov
If the support of Rs 278 hold downside, there are chances of recovery upticks.
LeadM Nov
Expect mild recovery upticks while prices hold the support of Rs 180.
AluminiumM Nov
Intraday momentum mostly on the weaker side while prices stay below Rs 242.
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