13-02-2024 10:54 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 13 February 2024 -Geojit Financial Services

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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.

 

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