Commodity Intraday Technical Outlook 16 September 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Positive outlook likely to continue while prices stay above $2530.
Silver LBMA Spot
While above $30 prices would continue further rallies. Else mild correction expected the day.
Crude Oil NYMEX
If unable to break above $70 there are chances of corrective selling pressure.
Gold KG Oct
Bullish outlook may continue while prices stay above Rs 73000.
Silver KG Dec
Upticks likely to extend initially. Further selloffs seen only below Rs 82000.
Crude Oil Sep
Resistance placed at Rs 5900 which needs to be cleared for further rallies.
Natural Gas Sep
Selling pressure likely to continue if prices are unable to move past Rs 192.
Copper Sep
Rangebound trades inside Rs 810-770 levels expected the day.
Nickel Sep
Expect choppy with thin volume trading in the near future.
ZincM Sep
Mild upticks expected while prices stay above Rs 260.
LeadM Sep
Break above Rs 186 is needed to extend rallies. Else, corrective selloffs expected.
AluminiumM Sep
Intraday outlook likely to be positive and may extend the rally towards next resistance of Rs 232.
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