23-08-2024 09:17 AM | Source: Geojit Financial Services Ltd.
Commodity Intraday Technical Outlook 23 August 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Choppy trading expected initially anyhow broad outlook remains on the positive side. Immediate downside reversal point is seen at $2430.

Silver LBMA Spot

Further rallies seen only above $30. inability to break it would see corrective selloffs.

Crude Oil NYMEX

Break below $71.50 would extend selling pressure. Else, recovery rallies expected.

Gold KG Oct 

It is required to break above Rs 72000 to extend rallies. If not may see corrective selloffs.

Silver KG Sep

Prices needs to sustain above Rs 85000 to extend rallies. Else choppy trades expected the day

Crude Oil Sep 

If unable to break the support of Rs 6000 likely to see extension of recovery rallies.

Natural Gas Aug

While below Rs 176 there are chances of extend weak momentum.

Copper Aug

Choppy with mild negative bias expected the day. Anyhow support is seen at Rs 782.

Nickel Aug

Expect choppy with thin volume trading in the near future.

Zinc Aug

Break above Rs 266 likely to extend rallies. If not may see weak bias for the day.

Lead Aug

Consistent trades above Rs 190 would extend recovery rallies.

Aluminium Aug

Further rallies expected only above Rs 225. Inability to break it would see corrective selling.

 

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