Commodity Intraday Technical Outlook 22 October 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Gold LBMA Spot
While above Rs 2685 outlook remain bullish and extend the rally. Immediate downside reversal point is at $2600.
Silver LBMA Spot
Further rallies expect only above $34. If not may see corrective selling pressure
Crude Oil NYMEX
Prices most likely choppy with negative while it is clinging below $70 mark.
Gold KG Dec
While above Rs 77500 it may extend rallies. Direct drop below Rs 75500 is a sign of weakness.
Silver KG Dec
While above Rs 95000 positive outlook remain intact. Stiff support is placed at Rs 88000.
Crude Oil Nov
Immediate resistance above Rs 6000 may extend the rally. If not likely to see corrective selloffs.
Natural Gas Oct
Further rallies seen only above Rs 198. Inability to break it may see choppy trading for the day.
Copper Oct
If Rs 815 hold downside there are chances of recovery rallies.
Nickel Oct
Nil volume trades expected.
ZincM Oct
Intraday bias mostly choppy with negative bias. Further rallies seen only above Rs 290.
LeadM Oct
Prices remain choppy with mild negative bias for the day.
AluminiumM Oct
Inability to break above Rs 242 there are chances of corrective selling to continue the day.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
