Commodity Intraday Technical Outlook 13 December 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Break above $2700 likely to push prices higher. Immediate downside reversal point is seen at $2620.
Silver LBMA Spot
Prices remain choppy in a tight range with mild negative bias.
Crude Oil NYMEX
A direct rise above $70 may extend rallies. If not, there are chances of selling pressure.
Gold KG Feb
Immediate resistance is seen at Rs 79000 which needs to be cleared for further rallies.
Silver KG Mar
It is required to break above Rs 96000 to extend rallies. Else, weak bias is on the cards.
Crude Oil Dec
Intraday resistance is seen at Rs 6000 which needs to be cleared for further rallies.
Natural Gas Dec
As long as the support of Rs 250 hold, expect recovery rallies to continue for the day.
Copper Dec
Inability to move past Rs 830 there are chances of corrective selling pressure.
Nickel Dec
Nil volume trades expected.
ZincM Dec
Break above Rs 295 there are chances of further rallies. If not may see selling pressure.
LeadM Dec
While prices stay below Rs 183 intraday sentient mostly downbeat.
AluminiumM Dec
Upside turnaround point is seen at Rs 248. Inability to move past the same may see corrective selloffs.
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