26-07-2024 10:42 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 26 July 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Weak bias may continue while prices stay below $2380.

Silver LBMA Spot

While below $28.50 would trigger further liquidation pressure. Else, a mild turnaround expected the day.

Crude Oil NYMEX

While prices stay below $78 it may continue weak bias for the day.

Gold KG Aug

Weakness likely to extend the day. Break above Rs 70000 is a sing of upside reversal.

Silver KG Sep

Break below Rs 82500 would extend selling pressure. Else, recovery rallies expected.

Crude Oil Aug

Choppy trades expected initially but further major liquidation is expected only below Rs 6500.

Natural Gas Jul

Broad outlook remains on the weaker side. Anyhow support is placed at Rs 176.

Copper Aug

Weakness would extend while below Rs 800. Inability to move past the same will see recovery rallies.

Nickel Aug

Expect choppy with thin volume trading in the near future.

Zinc Aug

Choppy trading is on the cards. Anyhow, a direct break above Rs 258 may extend rallies.

Lead Aug

Consistent trades above Rs 187 would lift prices higher for the day.

Aluminium Aug

Prices remains choppy initially. Anyhow stiff support is seen at Rs 212.

 

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