Commodity Intraday Technical Outlook 13 September 2023 - Geojit Financial Services
Gold LBMA Spot
Price remains choppy initially, but if it sustains above $1920 there ae chances of mild recovery. Stiff support is placed at $1880..
Silver LBMA Spot
If unable to cross above $2.40 intraday outlook remains on the weaker side. Unexpected rise above the same would strengthen buying pressure.
Crude Oil NYMEX
Outlook remains bullish as long as prices stay above $88. Further weakness is seen only below $86.
Gold KG Oct
Inability to consistent above Rs 59200 weak bias expected the day. Otherwise recovery rallies are in the cards.
Silver KG Sep
If the support of Rs 71000 remain hold downside,
further selloffs are restricted. A direct dip below
would weaken the momentum.
Crude Oil Sep
As long as prices stay above Rs 7300 would extend rallies. Else, choppy with corrective selloffs are seen today.
Natural Gas Sep
Initial dips expected but may find support and trigger further rallies. A direct dip below Rs 220 would weaken the sentiments.
Copper Sep
As long as Rs 725 remains holds, expect recovery upticks. A direct drop below the same is a weak sign for short term.
Nickel Sep
Expect choppy with thin volume trading in the near future.
Zinc Sep
If prices remain consistent above Rs 218 rallies would extend the day. Else, choppy trading is on the cards.
Lead Sep
Mild upticks would see as long as the support of Rs 186 hold downside. However, stiff resistance is seen at Rs 189.
Aluminium Sep
Inability to cross below Rs 200 intraday bias mostly on the upper side. A close below Rs 197 is a short term weak signal.
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