Powered by: Motilal Oswal
12-09-2024 08:51 AM | Source: Geojit Financial Services Ltd.
Commodity Intraday Technical Outlook 12 September 2024 - Geojit Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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.

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer