Commodity Intraday Technical Outlook 20 September 2024 - Geojit Financial Services Ltd
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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 may be seen today.
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
Prices remain choppy initially. Anyhow, a direct rise above Rs 90000 would trigger fresh rallies.
Crude Oil Sep
Sustained trades above Rs 6000 is needed to strengthen the positive outlook. Else, corrective selling is likely.
Natural Gas Sep
A direct dip below Rs 185 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
As long as prices stay above Rs 265 expect recovery rallies to continue the day.
LeadM Sep
Prices remain choppy inside Rs 186-182 levels and either side breakout would suggest fresh directions.
AluminiumM Sep
Consistency above Rs 233 likely to extend rallies. Else, corrective selling pressure is on the cards.
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