Powered by: Motilal Oswal
26-08-2024 09:38 AM | Source: Geojit Financial Services Ltd.
Commodity Intraday Technical Outlook 26 August 2024 - Geojit Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Gold LBMA Spot

Broad outlook remains on the positive side. Immediate downside reversal point is seen at $2430.

Silver LBMA Spot

It is necessary to cross above $30 to extend rallies. inability to break it would see corrective selloffs.

Crude Oil NYMEX

Upticks would continue while the support of Rs 74 hold downside.

Gold KG Oct

It is required to break above Rs 72000 to extend rallies. If not may see corrective selloffs.

Silver KG Sep

Upticks likely to extend while prices stay above Rs 85000. Stiff support is seen at Rs 83300.

Crude Oil Sep

Further selloffs seen only below Rs 6000. Inability to move past may see recovery rallies.

Natural Gas Aug

While below Rs 176 there are chances of extend weak momentum.

Copper Aug

Expect choppy trade inside Rs 800-816 levels and either side breakout would suggest fresh directions.

Nickel Aug

Expect choppy with thin volume trading in the near future.

Zinc Aug

Consistent trades above Rs 270 would extend rallies.

Lead Aug

Consistent trades above Rs 190 would extend recovery rallies.

Aluminium Aug

A direct break above Rs 234 would see fresh rallies. Else, choppy with mild negative bias for the day.

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer