Commodity Intraday Technical Outlook 20 December 2024 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Mild weakness is likely to extend while prices stay below $2600.
Silver LBMA Spot
Expect to continue the weak momentum as long a prices stay below $30.
Crude Oil NYMEX
Intraday momentum mostly on the weaker side. Stiff resistance is placed at $71.
Gold KG Feb
As long as prices stay below Rs 77000 there are chances of weak bias to continue the day.
Silver KG Mar
While below Rs 90000 momentum mostly on the weaker side.
Crude Oil Jan
Intraday resistance is seen at Rs 6000 which needs to be cleared for further rallies.
Natural Gas Dec
Recovery rallies may extend if the support of Rs 280 hold downside.
Copper Dec
Immediate support is seen at Rs 790 which if hold expect recovery rallies today.
Nickel Dec
Prices remain choppy with nil volume.
ZincM Dec
Inability to break the support of Rs 280 there are chances of recovery rallies for the day.
LeadM Dec
While prices stay below Rs 180 intraday sentient mostly downbeat.
AluminiumM Dec
Consistent trades below Rs 240 would trigger selling pressure. Else, recovery rallies might seen today.
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