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12-10-2023 10:17 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 12 October 2023 - Geojit Financial Services

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Gold LBMA Spot

Recovery upticks may continue while prices say above $1820. Further selloffs are seen only a break of the same.

Silver LBMA Spot

Consistent trades above $22 would extend buying momentum. Else, choppy trading is expected the day.

Crude Oil NYMEX

Corrective selloffs would extend while prices stay below $84. Immediate upside obstacle is seen at $87.

Gold KG Dec

Upticks would extend as long as the prices stay above Rs 57500. Consistent trades below Rs 56500 is a sign of weakness.

Silver KG Dec

Prices needs to break the support of Rs 68000 to trigger weakness. Else, recovery rallies are on the cards.

Crude Oil Oct

While prices stay below Rs 7300 weak momentum to continue the day. Consistent trades above the same would negate the view.

Natural Gas Oct

Choppy with mild positive bias expected initially. However it needs to clear Rs 288 to trigger major rallies.

Copper Oct

Expect a congested trade inside Rs 715-698 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

A direct drop below Rs 220 would extend weak bias. Else, a mild recovery bias expected the day.

Lead Oct

Choppy trades inside Rs 185-189 levels remains on the cards and breaking any of the sides would suggest fresh directional moves.

Aluminium Oct

If unable to move past Rs 203 there are potential upside. Stable trades below the same would extend selloffs. 


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