Commodity Intraday Technical Outlook 17 October 2024 - Geojit Financial Services
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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