Commodity Intraday Technical Outlook 25 October 2023 - Geojit Financial Services Ltd
Gold LBMA Spot
Corrective selloffs are likely as long as the resistance of $2000 remain restrict upside. Anyhow it is unlikely to break the support of $1935.
Silver LBMA Spot
Break above $23.80 is needed to extend rallies. Else, corrective selloffs are on the cards for the day.
Crude Oil NYMEX
Weak bias remain intact while prices stay below $86. A direct drop below $82 would see major liquidation pressure.
Gold KG Dec
Cautious trades with mild negative bias are likely as long as Rs 61000 caps upside.
Silver KG Dec
Further rallies are seen only a break of Rs 73800. If unable to do so may see corrective selling pressure.
Crude Oil Nov
Break below Rs 6800 would liquidate prices further. Else, choppy trading is on the cards for the day.
Natural Gas Nov
A direct turn above Rs 248 expect recovery rallies. Else, choppy with negative bias would continue the day.
Copper Oct
Stiff resistance is seen at Rs 710 if unable to cross the same would see selling pressure.
Nickel Nov
Expect choppy with thin volume trading in the near future.
Zinc Nov
Expect a turn around in prices if the support of Rs 219 remain restrict further downside.
Lead Nov
Consistent trades below Rs 187 is a sign of weakness. If not, expect recovery rallies.
Aluminium Nov
Support of Rs 203 if cleared expect selling pressure. Else, recovery upticks are on the cards for the day
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