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22-10-2024 10:35 AM | Source: Geojit Financial Services Ltd.
Commodity Intraday Technical Outlook 22 October 2024 - Geojit Financial Services Ltd

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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.

 

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