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20-02-2024 09:46 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 20 February 2024 -Geojit Financial Services

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Gold LBMA Spot:

Weakness is on the cards if unable to move past 2030. Stiff support below $1980 would trigger further liquidation.

Silver LBMA Spot:

Further rallies are seen only above $23.50. If unable to do so may see weakness for the day.

Crude Oil NYMEX:

Consistent trades above $79 would trigger further rallies. Else, corrective selling pressure is on the cards.

Gold KG Apr:

Weakness still on the cards, but if the support of Rs 61500 remain holds expect mild recovery upticks for the day.

Silver KG Mar:

Further selloffs expected only below Rs 70300. If unable to break the same would call for recovery rallies.

Crude Oil Feb:

Break above the immediate resistance of Rs 6500 would extend rallies. Else, weakness would be seen.

Natural Gas Feb:

Broad outlook remain on the weaker side. Break above Rs 142 could lift prices higher for the day.

Copper Feb:

Mild recovery upticks expected initially. Further selling pressure seen only below Rs 700.

Nickel Feb:

Expect choppy with thin volume trading in the near future.

Zinc Feb:

Choppy with mild upticks can see as long as the support of Rs 210 hold downside.

Lead Feb:

Support is seen at Rs 175 which if hold expect mild recovery upticks for the day.

Aluminium Feb:

As long as prices stay below Rs 190 there are chances of selling pressure to continue the day.

 

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