Commodity Intraday Technical Outlook 22 November 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Recovery upticks may continue, 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
Consistent trades above $70 likely to extend upticks. If not, may see corrective selloffs.
Gold KG Dec
Intraday momentum mostly positive as long as the support of Rs 76000 hold downside.
Silver KG Dec
Choppy trades remains on the cards. Break below Rs 88000 would extend weakness.
Crude Oil Dec
As long as Rs 5900 hold downside, expect fresh bullish rallies.
Natural Gas Nov
While above Rs 280 expect fresh round of bullish waves is on the cards.
Copper Nov
Mild recovery rallies expected. Downside turnaround point is placed at Rs 818.
Nickel Nov
Nil volume trades expected.
ZincM 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
A direct break above Rs 248 would trigger fresh bullish waves. If not may see corrective selloffs.
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