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21-11-2024 09:20 AM | Source: Geojit Financial Services Ltd.
Commodity Intraday Technical Outlook 21 November 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Mild upticks expected, but major rallies likely to see only a break above $ 2685.

Silver LBMA Spot

Initial bias mostly choppy. Break above $31.50 upbeat momentum is on the cards.

Crude Oil NYMEX

Choppy trades inside $67-70 is likely initially and either side breakout would suggest fresh directions.

Gold KG Dec

Further selloffs expected only below Rs 74600. Else, most likely for recovery rallies for the day.

Silver KG Dec

Inability to break the support of Rs 88000 expect recovery upticks.

Crude Oil Dec

Intraday momentum mostly rangebound. Break below Rs 5600 is a sign of further liquidation.

Natural Gas Nov

While above Rs 255 expect fresh round of bullish waves for the day.

Copper Nov

Mild recovery rallies expected. Downside turnaround point is placed at Rs 795

Nickel Nov

Nil volume trades expected.

LeadM Nov

Break above Rs 282 it would extend recovery rallies. Else, corrective selloffs is likely.

LeadM Nov

Choppy trades expected the day. Stiff support is placed at Rs 178.

AluminiumM Nov

Prices remain rangebound inside Rs 248-240 levels and either side breakout would suggest fresh short term directions.

 

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