Commodity Intraday Technical Outlook 18 October 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
Gold LBMA Spot
While above Rs 2685 outlook remain bullish and extend the rally today.
Silver LBMA Spot
Upticks likely to continue 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
Prices remain rangebound 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
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
