Commodity Intraday Technical Outlook 14 December 2023 - Geojit Financial Services
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Gold LBMA Spot
Intraday bias mostly expect a upside turnaround. Further selloffs seen only a close below $1990.
Silver LBMA Spot
Recovery upticks would continue initially. A direct break above $25.20 would extend rallies.
Crude Oil NYMEX
A mild recovery can be seen initially, but if it cleared $72 would extend the momentum.
Gold KG Feb
Recovery upticks can see initially. However, further selloffs are expected only below Rs 60500.
Silver KG Feb
Intraday outlook mostly on the positive side. Break below Rs 71200 may see extension of selling pressure.
Crude Oil Dec
As long as Rs 5800 hold downside, expect recovery upticks for the day.
Natural Gas Dec
Outlook remain on the bearish side. Immediate upside turn around point is placed at Rs 212.
Copper Dec
Choppy trads inside Rs 725-708 levels expected initially and breaking any of the sides would suggest fresh directional moves.
Nickel Dec
Expect choppy with thin volume trading in the near future.
Zinc Dec
While above Rs 224 there are chances of recovery rallies. Else, weakness may continue the day.
Lead Dec
A direct rise above Rs 188 could negate the prevailing weak momentum and edge prices higher.
Aluminium Dec
If unable to break the support of Rs 195 expect recovery rallies for the day.
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