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19-12-2024 10:52 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 19 December 2024 - Geojit Financial Services Ltd

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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.

 

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