Commodity Intraday Technical Outlook 27 November 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Prices remain choppy initially. Consistent trades above $2720 would extend rallies.
Silver LBMA Spot
If unable to cross above $31.50 there are chances of corrective selling pressure to continue the day.
Crude Oil NYMEX
Choppy with corrective selloffs are expected as long as $72 caps upside.
Gold KG Dec
Choppy trading expected initially. Stiff downside reversal point is seen at Rs 75000.
Silver KG Dec
Break below Rs 87000 would extend liquidation pressure.
Crude Oil Dec
As long as prices stay below Rs 6000 broad trend remains on the weaker side.
Natural Gas Nov
Inability to move past Rs 280, outlook remains positive.
Copper Nov
If Rs 800 hold downside, there are chances of recovery upticks.
Nickel Nov
Nil volume trades expected.
ZincM Dec
Consistent trades above Rs 282 likely to trigger fresh rallies. Else, choppy trading expected.
LeadM Dec
Weak bias may continue as long as prices are unable to move past Rs 182.
AluminiumM Nov
A direct break above Rs 248 would trigger fresh bullish waves. Else, choppy trading is on the cards.
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