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16-07-2024 11:06 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 16 July 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Upward momentum may continue while prices stay $2360. Else, weakness is on the cards.

Silver LBMA Spot

Choppy with mild positive bias expected as long as prices stay above $30.20.

Crude Oil NYMEX

Choppy with corrective selloffs expected initially. Anyhow major rallies seen only above $84.

Gold KG Aug

While above Rs 73100 likely to extend rallies. Else, choppy trading expected the day.

Silver KG Sep

Stiff resistance placed at Rs 94000, beak of which would extend rallies. Else weakness expected the day.

Crude Oil Jul

Break above Rs 6950 would trigger another round of rallies. If not, may see choppy with weak bias.

Natural Gas Jul

Choppy with negative bias likely to continue the day.

Copper Jul

Inability to break the support of Rs 868 weakness expected the day.

Nickel Jul

Expect choppy with thin volume trading in the near future.

Zinc Jul

If unable to break above Rs 277 may extend rallies. Else, weak bias are on cards.

Lead Jul

Prices remain choppy inside Rs 190-188 levels and either side breakout would suggest fresh directors.

Aluminium Jul

While below Rs 230 would extend weakness. If not may see recovery upticks

 

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