Commodity Intraday Technical Outlook 23 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
Expect to bullish outlook may continue while prices stay above $34. Stiff support is placed at $30.
Crude Oil NYMEX
Expect a tight range bound trade inside $74-68 levels expected and any of the sides breakout would suggest fresh directions.
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
Expect mild recovery rallies as long as prices stay above Rs 5980.
Natural Gas Oct
Choppy trades remains on the cards. A direct drop below Rs 190 is a sign of further weakness.
Copper Oct
If Rs 815 hold downside, there are chances of recovery rallies.
Nickel Oct
Nil volume trades expected.
ZincM Oct
Intraday bias mostly mild positive. Further weakness seen only below Rs 280.
LeadM Oct
A direct dip below Rs 181 likely to extend weakness in the counter.
AluminiumM Oct
Further selloffs expect only below Rs 230. If unable to it break it may see recovery rallies.
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