Commodity Intraday Technical Outlook 24 January 2024 - Geojit Financial Services
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Gold LBMA Spot:
Prices remain choppy initially. Anyhow, major downside reversal is seen only below $1990.
Silver LBMA Spot:
If the support of $22.50 remain hold expect choppy with recovery upticks.
Crude Oil NYMEX:
Break above $74 would trigger further rallies. Else, may see corrective selloffs.
Gold KG Apr:
While below Rs 61800 expect corrective selling pressure. Else, there are chances of a recovery rally.
Silver KG Feb
A direct drop below Rs 71000 may see extension of selling pressure. Else, pullback rallies are expected.
Crude Oil Feb
Expect a choppy trade inside Rs 6200-5800 levels and breaking any of the sides would call for fresh directions.
Natural Gas Feb
Mild recovery upticks expected as long as the support of Rs 202 remain undisturbed.
Copper Feb
Weak bias remains on the cards as long as prices stay below Rs 725.
Nickel Feb
Expect choppy with thin volume trading in the near future.
Zinc Feb
A direct fall below Rs 222 may see further weakness. Else, recovery upticks expected.
Lead Feb
Expect to trade inside Rs 184-181 levels and either side breakout would setoff fresh directional moves.
Aluminium Feb
If the support of Rs 198 holds, expect upticks to continue the day.
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