26-02-2024 10:54 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 26 February 2024 -Geojit Financial Services

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Gold LBMA Spot:

Consistent trades above $2045 would extend recovery upticks. Else, corrective selloffs are expected the day

Silver LBMA Spot:

Further rallies are seen only above $23.50. If unable to do so may see weakness for the day.

Crude Oil NYMEX:

A direct drop below $75 there are chances of more selling pressure. If not, may see recovery upticks.

Gold KG Apr:

As long as Rs 61500 hold downside expect recovery to extend the day.

Silver KG Mar:

A direct break below Rs 70000 would trigger another round of selling pressure. Else, recovery upticks can be seen today

Crude Oil Feb:

While prices stay below Rs 6350 would see extension of selling pressure. Else, recovery rallies are expected.

Natural Gas Feb:

Support of Rs 130 if hold, expect mild recovery upticks for the day.

Copper Feb:

Mild recovery upticks expected initially. Further selling pressure seen only below Rs 724.

Nickel Feb:

Expect choppy with thin volume trading in the near future.

Zinc Feb:

While above Rs 210 there are chances of recovery rallies for the day.

Lead Feb:

Further selloffs seen only below Rs 176. If not, expect recovery rallies.

Aluminium Feb:

Immediate support of Rs 196 if again hold, there are chances of mild recovery rally for the day

 

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