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19-01-2024 12:07 PM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 19 January 2024 - Geojit Financial Services

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Gold LBMA Spot

Choppy with mild weakness remains on the cards but major downside reversal is seen only below $1990.

Silver LBMA Spot A

direct drop below $22.50 would trigger further selling pressure.

Crude Oil NYMEX

There are chances of a recovery rally as long as the support of $70 remain undisturbed.

Gold KG Apr:

Intraday bias remains choppy and it needs to clear Rs 62000 to trigger fresh rallies.

Silver KG Feb:

As long as Rs 71000 remain hold downside there are chances of recovery rallies for the day.

Crude Oil Jan:

Further selloffs are expected only a break of Rs 5850. Else, there are chances of recovery rallies.

Natural Gas Jan:

Weak bias to continue while prices stay below Rs 235. It required to close above Rs 245 to trigger rallies

Copper Jan:

Inability to break the support of Rs 710 there are chances of mild recovery upticks for the day.

Nickel Jan:

Expect choppy with thin volume trading in the near future.

Zinc Jan:

Selling pressure may continue while prices stay below Rs 218.

Lead Jan:

As prices cleared the support of Rs 181 it may extend bearish outlook for the day.

Aluminium Jan:

Intraday outlook remains on the weaker side as long as prices stay below Rs 200.

 

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