24-09-2024 09:29 AM | Source: Geojit Financial Services Ltd
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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