Powered by: Motilal Oswal
2024-02-13 10:54:46 am | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 13 February 2024 -Geojit Financial Services

Gold LBMA Spot:

Weakness is on the cards while prices stay below $2070. Stiff support below $2000 would trigger further liquidation.

Silver LBMA Spot:

Choppy trades expected initially. However, a direct drop below $22 would trigger another round of liquidation pressure.

Crude Oil NYMEX:

Consistent trades above $77 would trigger further rallies. Else, weak bias on the cards.

Gold KG Apr:

Weakness still on the cards, but if the support of Rs 62000 remain holds expect mild recovery upticks for the day.

Silver KG Mar:

Further selloffs expected only below Rs 70300. If unable to break the same would call for recovery rallies.

Crude Oil Feb:

Choppy with mild upticks expected the day initially. A direct drop below Rs 6150 is a weak sign.

Natural Gas Feb:

Broad outlook remain on the weaker side. Break above Rs 165 could lift prices higher for the day.

Copper Feb:

Further selling pressure seen only below Rs 700. Else, mild upticks are on the cards. 

Nickel Feb:

Expect choppy with thin volume trading in the near future.

Zinc Feb:

Broad outlook remains on the weaker side as long as prices stay below Rs 212.

Lead Feb:

Support is seen at Rs 175 which if hold expect mild recovery upticks for the day.

Aluminium Feb:

If unable to break the support of Rs 199 there are chances of recovery upticks for the day.

 

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

SEBI Registration Number: INH200000345

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here