Powered by: Motilal Oswal
13-11-2023 09:43 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 13 November 2023 - Geojit Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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.

 

 

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

SEBI Registration Number: INH200000345

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer