Commodity Intraday Technical Outlook 13 November 2023 - Geojit Financial Services Ltd
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Gold LBMA Spot
Prices remain rangebound with mild upside bias. If prices fall below $1920 would extend weakness.
Silver LBMA Spot
While prices stay below $22.50 intraday momentum mostly on the weaker side.
Crude Oil NYMEX
Inability to most past $78 there aer chances of selling pressure. Else, recovery rallies are on the cards.
Gold KG Dec
Inability to turn above Rs 60000 weak momentum likely to continue the day. Further rallies are seen only above Rs 62500.
Silver KG Dec
Consistent trades above Rs 71200 is required to trigger rallies. I not expect, weak bias for the day.
Crude Oil Nov
While prices stay below the stiff support below Rs 6500 would extend weakness. Else, recovery rallies are possible the day.
Natural Gas Nov
Intraday weakness is seen only below Rs 254. If not able the break it expect recovery upticks.
Copper Nov
Consistent trades above Rs 700 would extend weak bias. Else, choppy trading session is on the cards.
Nickel Nov
Expect choppy with thin volume trading in the near future.
Zinc Nov
Resistance above Rs 230 would extend rallies. If not expect weakness.
Lead Nov
Consistent trades below Rs 187 is a sign of weakness. If not, expect recovery rallies.
Aluminium Nov
As long as Rs 205 remain caps downside, there are chances of further selling pressure.
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