Commodity Intraday Technical Outlook 25 October 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Intraday bias mostly choppy with mild positive. Anyhow broad outlook bullish.
LBMA Spot
Choppy with recovery rallies expected the day. A direct drop below $31.50 is a reversal sign.
Crude Oil NYMEX
Rangebound with recovery bias expected initially. A direct drop below $70 would trigger liquidation pressure.
Gold KG Dec
Break above Rs 78900 would trigger another round of bullish rally. Else, choppy trades expected the day.
Silver KG Dec
While above Rs 95000 positive outlook
Crude Oil Nov
Stiff support is placed at Rs 5850 and if unable to break it would trigger recovery rallies.
Natural Gas Nov
Recovery bias expected as long as the support of Rs 192 remain hold downside.
Copper Nov
If the support of Rs 832 remain hold there are chances of recovery rallies.
Nickel Nov
Nil volume trades expected.
ZincM Nov
Intraday bias mostly positive. Further weakness seen only below Rs 285.
LeadM Nov
Prices remain trade inside a tight range and breakout of any of the range would tigger fresh directions.
AluminiumM Nov
Consistent trades above Rs 246 is required to trigger rallies. If not may see choppy with corrective selloffs.
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