Commodity Intraday Technical Outlook 20 October 2023 - Geojit Financial Services Ltd
Gold LBMA Spot
Intraday outlook remains on the positive side while the support of Rs 1935 hold downside. Else, choppy with corrective selloffs expected the day.
Silver LBMA Spot
While above $22 likely to continue the buying momentum. Else, choppy trading is expected the day
Crude Oil NYMEX
Outlook remain bullish as long as price stay above $88. A direct drop below $83 is a weak sign.
Gold KG Dec
Rallies would extend while the support of Rs 59500 hold downside.
Silver KG Dec
If prices breaks the support of Rs 68000 would trigger weakness. Else, recovery rallies are on the cards.
Crude Oil Nov
Outlook remains on the bullish side while the support of Rs 7400 remains hold. A direct dip below Rs 7150 is an immediate sign of weakness.
Natural Gas Oct
Support of Rs 255 if remains holds expect recovery upticks. A direct drop of which would liquidate prices further.
Copper Oct
Further selloffs are seen only below Rs 695. Else mild upticks are on the cards.
Nickel Oct
Expect choppy with thin volume trading in the near future.
Zinc Oct
A direct drop below Rs 220 would extend weak bias. Else, a mild recovery bias expected the day.
Lead Oct
Consistent trades below Rs 184 is a sign of weakness. If not, expect recovery rallies.
Aluminium Oct
m Oct A direct drop below Rs 201 would extend weakness. Else, recovery upticks are on the cards.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345