Commodity Intraday Technical Outlook 15 July 2024 - Geojit Financial Services Ltd
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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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