Commodity Intraday Technical Outlook 23 November 2023 - Geojit Financial Services Ltd
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Gold LBMA Spot
Consistent trades above $1990 would extend rallies. Else, choppy with mild corrective selloffs expected the day.
Silver LBMA Spot
Immediate upside obstacle is placed at $24.10 which needs to be cleared for extending rallies.
Crude Oil NYMEX
Choppy with recovery upticks expected as long as prices stay above $74. A direct drop below $72 is a sign of weakness.
Gold KG Dec
Consistent trades above Rs 61200 is needed to extend rallies. Else, choppy trading expected the day.
Silver KG Dec
It is required to break above Rs 73800 to trigger rallies. Else, corrective selloffs are likely for the day.
Crude Oil Dec
As long as Rs 6200 remain undisturbed expect recovery upticks. Else it may continue weakness.
Natural Gas Nov
Furter selloffs expected only a break of Rs 235. if not expect recovery upticks for the day.
Copper Nov
Consistent trades above Rs 716 would extend rallies. Else, choppy with corrective selloffs expected the day.
Nickel Nov
Expect choppy with thin volume trading in the near future.
Zinc Nov
Inability to break the support of Rs 224 there are chances of recovery rallies. Else, weakness may continue the day.
Lead Nov
Immediate resistance is placed at Rs 194 which if broken would extend rallies.
Aluminium Nov
Expect a choppy trading initially. However, a direct rise above Rs 207 could trigger rallies.
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