Commodity Intraday Technical Outlook 18 December 2024 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
If $2600 remain hold downside, expect recovery upticks. Anyhow still resistance is placed at $2700.
Silver LBMA Spot
Prices remain choppy in a tight range with mild negative bias.
Crude Oil NYMEX
Choppy trades inside $71-67 remains on the cards and breaking any sides would suggest fresh directions.
Gold KG Feb
Immediate resistance is seen at Rs 79000 which needs to be cleared for further rallies.
Silver KG Mar
If the support of Rs 90000 hold downside, there are chances of recovery upticks.
Crude Oil Dec
Intraday resistance is seen at Rs 6000 which needs to be cleared for further rallies.
Natural Gas Dec
Prices remain choppy with mild positive bias.
Copper Dec
Choppy with mild negative bias expected while prices stay below Rs 820.
Nickel Dec
Nil volume trades expected.
ZincM Dec
While below Rs 285 weak bias may continue for the day.
LeadM Dec
While prices stay below Rs 180 intraday sentient mostly downbeat.
AluminiumM Dec
Congested trades indie Rs 248-240 levels expected initially and either side breakout would suggest fresh directions.
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