Commodity Intraday Technical Outlook 19 November 2024 - Geojit Financial Services Ltd
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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