Commodity Intraday Technical Outlook 15 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. Else, recovery upticks are on the cards.
Silver LBMA Spot
Prices remains choppy for the day. Anyhow major selloffs expected only below $30.
Crude Oil NYMEX
Congested trades inside $72-78 levels remains on the cards and either sides breakout would suggest fresh directions.
Gold KG Oct
Further rallies above Rs 76600 would extend rallies. If not, expect corrective selling pressure.
Silver KG Dec
If unable to break above Rs 92000 intraday bias mostly choppy with mild negative. Stiff support is placed at Rs 88000.
Crude Oil Oct
Further rallies seen only above Rs 6500. Inability to break it would see weak bias for the day.
Natural Gas Oct
Weakness may extend while prices are unable to cross above Rs 220.
Copper Oct
Break above Rs 840 would see fresh rallies. Else, choppy trades are on the cards.
Nickel Oct
Expect choppy with thin volume trading in the near future.
ZincM Oct
While below Rs 285 intraday momentum remains on the weaker side.
LeadM Oct
Inability to cross above Rs 184 expect mild selling pressure for the day.
AluminiumM Oct
As long as prices stay below Rs 243 expect corrective selloffs to continue the day.
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