Commodity Intraday Technical Outlook 14 October 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
If unable to move past $2685 there are chances of corrective selling pressure for the day.
Silver LBMA Spot
Prices remains choppy in the early trades. Anyhow major selloffs expected only below $30.
Crude Oil NYMEX
Prices remain rangebound inside $72-78 levels and either sides breakout would suggest fresh directions.
Gold KG Oct
Consistent trades above Rs 76300 would extend rallies. If not, expect corrective selling pressure.
Silver KG Dec
Choppy with mild negative bias expected initially. Anyhow stiff support is placed at Rs 88000.
Crude Oil Oct
Further rallies seen only above Rs 6500. Inability to move past the same may see weak bias for the day.
Natural Gas Oct
As long as Rs 230 caps upside, expect corrective selloff for the day.
Copper Oct
Recovery upticks may be seen as long as Rs 828 remain hold downside.
Nickel Oct
Expect choppy with thin volume trading in the near future.
ZincM Oct
Break above Rs 288 would extend rallies. Else, corrective selloffs are on the cards.
LeadM Oct
Inability to cross above Rs 184 expect mild selling pressure for the day.
AluminiumM Oct
Further rallies seen only above Rs 245. Inability to move past the same may see corrective selloffs.
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