14-12-2023 09:09 AM | Source: Geojit Financial Services Ltd
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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