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2024-07-15 12:51:38 pm | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 15 July 2024 - Geojit Financial Services Ltd

Gold LBMA Spot

It is required to break above $2450 to extend bullish rallies. Else, corrective selloffs expected the day.

Silver LBMA Spot

A direct break above $31.50 expect the rally would continue the day. Else, choppy trading expected.

Crude Oil NYMEX

Break below $81 likely to extend weakness. Else, recovery bias may be seen today.

Gold KG Aug

Break above Rs 73500 would extend bullish rallies today. Else, weak bias is likely.

Silver KG Sep

Consistent trades above Rs 94000 would extend rallies. Else weakness expected the day.

Crude Oil Jul

Prices most likely choppy inside Rs 7000-6750 levels and breaking any of the sides would suggest fresh direction.

Natural Gas Jul

Weak bias expect to continue the day while prices stay below Rs 200.

Copper Jul

Further weakness is seen only below Rs 850. If unable to do it may see recovery upticks.

Nickel Jul

Expect choppy with thin volume trading in the near future.

Zinc Jul

Further rallies are seen only above Rs 277. If unable to do it may see corrective selling.

Lead Jul

Break above Rs 190 likely see extension of rallies. If not, weakness is likely.

Aluminium Jul

Mild recovery rallies expected while the support of Rs 229 remain undisturbed.

 

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