Commodity Intraday Technical Outlook 12 September 2024 - Geojit Financial Services Ltd
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
Intraday outlook remains choppy with weak bias as long as prices stay below $70.
Gold KG Oct
If prices stay above Rs 71000 there are chances of mild recovery upticks for the day.
Silver KG Dec
Mild upticks expected. Further selloffs are likely only below Rs 82000.
Crude Oil Sep
Further liquidation is seen only below Rs 5500. if it holds, expect recovery rallies today
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 if hold, there are chances of mild recovery rallies for the day.
AluminiumM Sep
If the support of Rs 218 remains undisturbed, expect recovery upticks for the day.
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