Commodity Intraday Technical Outlook 13 August 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Intraday sentiments mostly on the positive side. Stiff support below $2380 would trigger weakness.
Silver LBMA Spot
Consistent trades above $28.50 to trigger major rallies. Else, prices remains choppy.
Crude Oil NYMEX
Pullback rallies likely to continue initially while the support of $72 remain undisturbed.
Gold KG Oct
While prices stay above Rs 69500 may extend rallies. Else, choppy trading expected the day.
Silver KG Sep
Choppy with mild upside turnaround is expected. If prices drop below Rs 78200 would see further weakness.
Crude Oil Aug
Upticks likely to continue the day. Downside reversal point is at Rs 6050.
Natural Gas Aug
Choppy trading expected initially. It has to trade consistently above Rs 175 to extend rallies.
Copper Aug
Likely to extend upticks initially. A direct drop below Rs 765 is a weak sign.
Nickel Aug
Expect choppy with thin volume trading in the near future
Zinc Aug
Recovery upticks may extend the day as well. Siff support is seen at Rs 248.
Lead Aug
Consistent trades above Rs 184 may see recovery rallies for the day.
Aluminium Aug
As long as Rs 212 remain undisturbed expect recovery upticks.
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