Commodity Intraday Technical Outlook 19 December 2024 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Choppy with mild weakness is likely while prices stay below $2600.
Silver LBMA Spot
Expect to continue the weak momentum as long a prices stay below $30.
Crude Oil NYMEX
Choppy trades inside $71-67 remains on the cards and breaking any sides would suggest fresh directions.
Gold KG Feb
As long as prices stay below Rs 77000 there are chances of weak bias to continue the day.
Silver KG Mar
While below Rs 90000 momentum mostly on the weaker side.
Crude Oil Jan
Intraday resistance is seen at Rs 6000 which needs to be cleared for further rallies.
Natural Gas Dec
If the support of Rs 280 hold downside, expect mild positive bias for the day.
Copper Dec
Choppy with mild negative bias expected while prices stay below Rs 820.
Nickel Dec
Nil volume trades expected.
ZincM Dec
Further selloffs expected only below Rs 280. Inability to break the same may see recovery rallies.
LeadM Dec
While prices stay below Rs 180 intraday sentient mostly downbeat.
AluminiumM Dec
A direct break below Rs 240 may see extension of selling pressure. If not, recovery upticks expected.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
