23-09-2024 09:21 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 23 September 2024 - Geojit Financial Services Ltd

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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.

 

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