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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