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19-11-2024 09:16 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 19 November 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Expect a tight range bound trade for the day. A direct drop below $2500 would extend weakness.

Silver LBMA Spot

Initial bias mostly choppy. Break above $31.50 upbeat momentum is on the cards.

Crude Oil NYMEX

Inability to move past $67 there are chances of recovery rallies for the day.

Gold KG Dec

Further selloffs expected only below Rs 74600. Else, most likely for recovery rallies for the day.

Silver KG Dec

As long as the support of Rs 88000 remain undisturbed, expect recovery upticks.

Crude Oil Dec

Intraday momentum mostly choppy. Break below Rs 5600 is a sign of further liquidation.

Natural Gas Nov

As long as Rs 255 remain undisturbed, expect fresh round of bullish waves for the day.

Copper Nov

Mild recovery rallies expected. Downside turnaround point is placed at Rs 795.

Nickel Nov

Nil volume trades expected. ZincM Nov Mild recovery upticks expected as long as Rs 272 hold downside.

LeadM Nov

Break below Rs 178 would extend weakness. Else, mild recovery is expected the day.

AluminiumM Nov

Expect a choppy trade inside Rs 246-238 levels initially and breaking any of the sides would suggest fresh directions.

 

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