13-09-2023 10:13 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 13 September 2023 - Geojit Financial Services

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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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