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26-09-2023 10:14 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 26 September 2023 - Geojit Financial Services

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Gold LBMA Spot

Prices remain under pressure as long as it stays below $1920. It needs to close above $1950 to strengthen the view.

Silver LBMA Spot 

If unable to trade above $23.80 there are more potential downside for the day. Consistent trades above $25.50 could negate the view.

Crude Oil NYMEX 

Mild weakness likely to extend while prices stay below $91. A direct rise above it would strengthen buying interest.

Gold KG Oct

Weak bias may extend while prices stay below Rs 59000. Anyhow stiff support is placed at Rs 58200.

Silver KG Sep

If unbale to move past Rs 73800 expect weak momentum to continue the day. Unexpected rise above it would negate the view.

Crude Oil Oct

Inability to trade above Rs 7600 would extend weakness. A direct surge above is a sign of reversal.

Natural Gas Oct 

f the support of Rs 218 remains holds, expect recovery upticks. Unexpected drop of which would trigger weakness.

Copper Oct

Prices remain under weakness as long as Rs 718 caps upside. However stiff support is seen at Rs 710.

Nickel Oct

Expect choppy with thin volume trading in the near future.

Zinc Oct

Further rallies are seen only a break above Rs 225. If not may see choppy with mild negative bias for the day

Lead Oct

Further rallies are seen only a break above Rs 191. Inability to do so may see weak bias for the day.

Aluminium Oct

Prices remain choppy inside Rs 206-202 levels and breaking any of the sides would suggest fresh directional moves.

 

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