Commodity Intraday Technical Outlook 18 November 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
A mild turnaround is expected as long as $2500 hold downside.
Silver LBMA Spot
Initial bias mostly on the weaker side but it needs to clear $30 to extend the momentum.
Crude Oil NYMEX
A direct drop below $65 would extend selling pressure. Else, mild recovery is on the cards.
Gold KG Dec
Selloffs likely to extend as prices cleared the stiff support of Rs 74600.
Silver KG Dec
A direct drop below Rs 88000 would extend weakness. Else, mild recovery can be seen today.
Crude Oil Nov
Break below Rs 5650 would extend liquidation pressure. If not, may see mild recovery upticks.
Natural Gas Nov
As long as Rs 255 remain undisturbed, expect recovery rallies for the day.
Copper Nov
While below Rs 800 intraday momentum mostly on the weaker side.
Nickel Nov
Nil volume trades expected.
ZincM Nov
Mild recovery upticks expected as long as Rs 272 hold downside.
LeadM Nov
Break below Rs 178 would extend weakness. Else, mild recovery is expected the day.
AluminiumM Nov
Recovery rallies likely to extend while the support of Rs 240 hold downside.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
