Commodity Intraday Technical Outlook 19 September 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Break above the resistance of $2600 would extend rallies. Else, corrective selloffs expected the day.
Silver LBMA Spot
It is required to break above $31 for further rallies. Otherwise, choppy trading expected the day.
Crude Oil NYMEX
Consistent trades above $71 may extend buying pressure. Else, weakness expected the day.
Gold KG Oct
Outlook remains bullish but it required to break Rs 73700 for major rallies.
Silver KG Dec
Expect a choppy trading initially. Anyhow, a direct rise above Rs 90000 would trigger fresh rallies.
Crude Oil Sep
Sustained trades above Rs 6000 likely to extend recovery upticks.
Natural Gas Sep
A direct dip below Rs 190 would extend selling pressure. Else, recovery upticks are on the cards.
Copper Sep
Rangebound trades inside Rs 818-792 levels expected the day.
Nickel Sep
Expect choppy with thin volume trading in the near future.
ZincM Sep
A direct rise above Rs 272 would extend rallies. Else, corrective selling is expected.
LeadM Sep
Expect a choppy trade inside Rs 186-182 levels and either side breakout would suggest fresh directions.
AluminiumM Sep
Break above Rs 233 expect fresh upside momentum. Else, weak bias is expected.
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