Commodity Intraday Technical Outlook 23 July 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Mild recovery upticks can see initially. A direct drop below $2380 would extend weakness.
Silver LBMA Spot
Further selloffs expects only below $28.50. Else, a mild turnaround expected the day.
Crude Oil NYMEX
If unable to break the support of $78 expect mild turnaround in prices.
Gold KG Aug
Expect choppy trading initially. Stiff resistance is seen at Rs 74500.
Silver KG Sep
Inability to break the support of Rs 88000 there ae chances of recovery upticks.
Crude Oil Aug
If the support of Rs 6500 restrict further downside, expect recovery rallies for the day.
Natural Gas Jul
As long as Rs 180 holds expect recovery rallies for the day.
Copper Jul
While prices stay below Rs 822 would extend selling pressure.
Nickel Jul
Expect choppy with thin volume trading in the near future.
Zinc Jul
Choppy trading is on the cards. Anyhow, a direct break above Rs 277 may extend rallies.
Lead Jul
Consistent trades below Rs 187 would extend weakness for the day.
Aluminium Jul
Weak bias may continue while prices stay below Rs 214.
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