Commodity Intraday Technical Outlook 21 November 2024 - Geojit Financial Services Ltd
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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