Commodity Intraday Technical Outlook 15 November 2023 - Geojit Financial Services Ltd
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Gold LBMA Spot
Expect to trade in the range of $2000-1930 levels and breaking any of the sides would suggest fresh directional moves.
Silver LBMA Spot
Break above the stiff resistance of $23.80 would extend rallies. Else choppy trades expected the day.
Crude Oil NYMEX
Outlook remains on the weaker side but consistent trades above the resistance of $78 would see recovery rallies. MCX Te
Gold KG Dec
A mild recovery can be seen as long as the support of Rs 59500 remains hold downside.
Silver KG Dec
Likely for a mild upticks recovery but consistent trades above Rs 72000 is needed to continue the momentum.
Crude Oil Nov
Copy with recovery upticks expected initially. However, a direct drop below Rs 6450 would continue bias for the day.
Natural Gas Nov
Consistent trades above Rs 268 is needed to extend rallies. Else, choppy with corrective selloffs are likely for the day.
Copper Nov
Consistent trades below Rs 705 would extend weakness. If not recovery rallies are on the cards.
Nickel Nov
Expect choppy with thin volume trading in the near future.
Zinc Nov
If unable to move past Rs 224 there are potential upside. A direct fall of which could negate the view.
Lead Nov
Consistent trades below Rs 187 is a sign of weakness. If not, expect recovery rallies.
Aluminium Nov
Expect a to trade inside Rs 207-204 levels and either side breakout would suggest fresh directional moves
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