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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