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17-10-2024 10:48 AM | Source: Geojit Financial Services Ltd.
Commodity Intraday Technical Outlook 17 October 2024 - Geojit Financial Services

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Gold LBMA Spot

If unable to move past $2685 there are chances of corrective selling pressure. Else, recovery rallies would continue.

Silver LBMA Spot

Prices remains choppy for the day. Anyhow major selloffs expected only below $30.

Crude Oil NYMEX

As long as $70 hold downside, there are chances of mild recovery upticks for the day.

Gold KG Oct

While above Rs 76500 it may extend rallies. Direct drop below Rs 75500 is a sign of weakness.

Silver KG Dec

Break above Rs 92000 intraday bias mostly mild positive. Stiff support is placed at Rs 88000.

Crude Oil Oct

Expect choppy trades initially. Anyhow further major selloffs expected only below Rs 5800.

Natural Gas Oct

Weak bias likely to extend the day.

Copper Oct

If Rs 815 hold downside there are chances of recovery rallies.

Nickel Oct

Nil volume trades expected.

ZincM Oct

Further weakness seen only below Rs 275. If not may see recovery rallies.

LeadM Oct

Next rallies seen only above Rs 184. Inability to cross it expect mild selling pressure.

AluminiumM Oct

Choppy trades inside Rs 230-238 expected the day.

 

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