Commodity Intraday Technical Outlook 27 August 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Broad outlook remains on the positive side. Immediate downside reversal point is seen at $2430.
Silver LBMA Spot
It is necessary to cross above $30 to extend rallies. inability to break it would see corrective selloffs.
Crude Oil NYMEX
Upticks would continue while the support of Rs 74 hold downside.
Gold KG Oct
Consistent trades above Rs 72000 needed to extend rallies. If not may see corrective selloffs.
Silver KG Sep
Choppy trading expected initially. Anyhow if prices sustain above Rs 85000 would extend rallies.
Crude Oil
Sep Stiff resistance is seen at Rs 6500 which needed o clear for extending rallies.
Natural Gas Aug
While below Rs 176 there are chances of extend weak momentum.
Copper Sep
Prices remain choppy inside Rs 800-816 levels and either side breakout would suggest fresh directions.
Nickel Sep
Expect choppy with thin volume trading in the near future.
Zinc Sep
Inability to break above Rs 271 may see weak momentum for the day.
Lead Sep
Consistent trades above Rs 190 would extend recovery rallies.
Aluminium Sep
Resistance above Rs 234 would see fresh rallies. Else, choppy with mild negative bias for the day.
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Commodity Research Evening Track by Kotak Securities