Commodity Intraday Technical Outlook 25 September 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Bullish outlook remain intact as long as prices stay above $2600. A direct drop below $2540 may see downside correction.
Silver LBMA Spot
While above $31.50 it may extend the positive outlook. Fall below $29.50 likely to dip further.
Crude Oil NYMEX
Choppy trades remains on the card initially. However, consistent trades above $72 may extend buying pressure.
Gold KG Oct
While above Rs 74500 would extend bullish rallies. Else, choppy trading expected the day.
Silver KG Dec
Expect the positive outlook would continue while prices places above Rs 90000.
Crude Oil Oct
Sustained trades above Rs 6000 is needed to strengthen the positive outlook. Else, corrective selling is likely.
Natural Gas Oct
If unable to move past Rs 240 there are chances of corrective selling pressure for the day.
Copper Oct
Positive outlook may continue as long as Rs 826 remain undisturbed.
Nickel Oct
Expect choppy with thin volume trading in the near future.
ZincM Oct
While above Rs 272 there are chances of recovery upticks to continue the day.
LeadM Oct
Direct drop below Rs 180 would trigger further liquidation pressure. AluminiumM Oct A direct rise above Rs 236 likely to extend positive outlook. If not may see corrective selling.
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