Commodity Intraday Technical Outlook 15 December 2023 - Geojit Financial Services
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Gold LBMA Spot
Choppy with mild upside bias expected initially. Further selloffs seen only a close below $1990.
Silver LBMA Spot
Recovery upticks may continue. A direct break above $25.20 would extend rallies.
Crude Oil NYMEX
A direct break above $72 would extend buying momentum. If unable to cross it would see corrective selling.
Gold KG Feb
Recovery upticks would continue. However, further selloffs are expected only below Rs 60500.
Silver KG Feb
Choppy trades is likely for the day. Break below Rs 71200 may see extension of selling pressure.
Crude Oil Dec
While above Rs 5800 expect recovery upticks for the day. A close below Rs 5600 is a sign of weakens.
Natural Gas Dec
Mild upticks can expected the day. Any how broad outlook remain on the weaker side.
Copper Dec
Consistent trades above Rs 725 would extend rallies. If not may see corrective selling.
Nickel Dec
Expect choppy with thin volume trading in the near future.
Zinc Dec
If it required to break and sustain above Rs 222 to continue rallies. If not, may see corrective selling pressure.
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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