Commodity Intraday Technical Outlook 24 September 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Bullish outlook to continue while prices stay above $2600. A direct drop below $2540 would prices correct lower.
Silver LBMA Spot
It is required to break above $31.50 to lift prices higher. Fall below $29.50 likely to dip further.
Crude Oil NYMEX
Consistent trades above $72 may extend buying pressure. Else, weakness expected the day.
Gold KG Oct
Break above Rs 74500 would trigger resh rallies. Else, choppy trading expected the day.
Silver KG Dec
Choppy trading expected initially. Break above Rs 91600 would expect rallies.
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 Oct
Break above Rs 830 would see further rallies. Else, choppy with corrective bias expected.
Nickel Oct
Expect choppy with thin volume trading in the near future.
ZincM Oct
Prices remain choppy inside Rs 272-262 levels and either side breakout would suggest fresh directions.
LeadM Oct
Direct drop below Rs 180 would trigger further liquidation pressure.
AluminiumM Sep
If unable to move past Rs 228 expect mild recovery upticks for the day.
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