Commodity Intraday Technical Outlook 24 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
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
Consistent trades above Rs 6400 would extend rallies. If unable to break the same may see corrective selling pressure.
Natural Gas Nov
Expect pullback rallies as long as the support f Rs 238 remain hold downside.
Copper Dec
Sustained trades above Rs 716 would extend rallies. Else, choppy with corrective selloffs expected the day.
Nickel Dec
Expect choppy with thin volume trading in the near future.
Zinc Dec
Stiff support at Rs 224 which if remain hold there are chances of recovery rallies. Else, weakness may continue the day.
Lead Dec
Immediate resistance is placed at Rs 193.50 which if broken would extend rallies.
Aluminium Dec
Prices remain choppy initially. However, a direct rise above Rs 208 could trigger recovery upticks.
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