Commodity Intraday Technical Outlook 25 September 2023 - Geojit Financial Services Ltd
Gold LBMA Spot
Prices remain under pressure. It needs to close above $1950 to strengthen the view.
Silver LBMA Spot
Consistent trades above $23.50 would extend rallies. Else, a choppy trading expected the day.
Crude Oil NYMEX
Choppy trades expected initially. It is required to break and sustain above $92 to extend rallies.
Gold KG Oct
Further weakness is seen only below Rs 58200. If the level remains hold expect recovery rallies.
Silver KG Sep
Stiff support is placed at Rs 71000 if it remains holds there are chances of recovery upticks. Unexpected drop below would trigger selling pressure.
Crude Oil Sep
Break above Rs 7600 would extend rallies. If not expect corrective selling pressure.
Natural Gas Sep
If the support of Rs 218 remains holds, expect recovery upticks. Unexpected drop of which would trigger weakness.
Copper Sep
Consistent trades below Rs 720 would extend weakness. Else, a mild recovery bias can be seen today.
Nickel Sep
Expect choppy with thin volume trading in the near future.
Zinc Sep
A mild recovery expected initially. Unexpected drop below Rs 222 would trigger weakness.
Lead Sep
Break above Rs 189 would see further rallies. Else, choppy with corrective selloffs are expected.
Aluminium Sep
Stiff resistance above Rs 206 would extend rallies.
Else, choppy with corrective selloffs are on the
cards.
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