Powered by: Motilal Oswal
20-12-2024 11:01 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 20 December 2024 - Geojit Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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.

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer