Commodity Intraday Technical Outlook 23 September 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Expect the bullish outlook to continue while prices stay above $2600. A direct drop below $2540 would prices correct lower.
Silver LBMA Spot
Break above $31.50 would lift prices higher. Break below $29.50 likely to dip lower.
Crude Oil NYMEX
Consistent trades above $72 may extend buying pressure. Else, weakness expected the day.
Gold KG Oct
Consistent trades above Rs 74500 would trigger resh rallies. Else, choppy trading expected the day.
Silver KG Dec
Break above Rs 91600 would expect rallies. Else, mild correction expected.
Crude Oil Oct
Sustained trades above Rs 6000 is needed to strengthen the positive outlook. Else, corrective selling is likely.
Natural Gas Sep
As long as prices stay above Rs 202 it may continue the bullish outlook. Direct dip below Rs 185 is a weak sign.
Copper Sep
Inability to move past Rs 810 intraday outlook likely to be choppy with mild negative.
Nickel Sep
Expect choppy with thin volume trading in the near future.
ZincM Sep
As long as prices stay below Rs 270 outlook remains on the weaker side.
LeadM Sep
Prices remain choppy inside Rs 186-182 levels and either side breakout would suggest fresh directions.
AluminiumM Sep
If unable to move past Rs 233 expect corrective selling pressure for the day.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Tag News
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 20 November 2024 - Geoj...