Powered by: Motilal Oswal
17-12-2024 11:20 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 17 December 2024 - Geojit Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Intraday Technical Outlook

Gold LBMA Spot

Further rallies seen only above $2700. Immediate downside reversal point is seen at $2620.

Silver LBMA Spot

Inability to break the support of $30 there are chances of mild turnaround for the day.

Crude Oil NYMEX

Consistent trades above $70 may extend rallies. If not, there are chances of selling pressure.

Gold KG Feb

Immediate resistance is seen at Rs 79000 which needs to be cleared for further rallies.

Silver KG Mar

It is required to break above Rs 96000 to extend rallies. Else, weak bias is on the cards.

Crude Oil Dec

Choppy trades expected initially. Stiff resistance is seen at Rs 6050.

Natural Gas Dec

As long the support of Rs 270 remain hold mild recovery upticks expected the day.

Copper Dec

While below Rs 820 there are chances of choppy with mild weak bias.

Nickel Dec

Nil volume trades expected.

ZincM Dec

If unable to break the support of Rs 285 there are chances of recovery rallies.

LeadM Dec

Sentiment remain downbeat as long as prices stay below Rs 180.

AluminiumM Dec

Congested trades indie Rs 248-240 levels expected initially and either side breakout would suggest fresh directions.

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer