Commodity Intraday Technical Outlook 27 December 2023 - Geojit Financial Services
Gold LBMA Spot
Mild positive bias expected initially. Immediate downside reversal is seen only below $1990.
Silver LBMA Spot
Intraday outlook remains rangebound as long as $23.50 hold downside. Further weakness is seen only below $23.50.
Crude Oil NYMEX
Sustained trades above $74 would extend recovery upticks. Else, weak bias on the cards.
Gold KG Feb
Consistent trades above Rs 62600 would extend rallies. If not, may see corrective selloffs for the day.
Silver KG Feb
Break below Rs 74500 would see corrective selling pressure. Else, recovery upticks expected the day.
Crude Oil Dec
If prices stays above Rs 6300 would extend rallies. Else, may see choppy trading for the day.
Natural Gas Dec
Mild positive bias expected the day. Anyhow, consistent trades below Rs 202 is a weak signal.
Copper Dec
While above Rs 730 would extend rallies. Else, may see corrective selling pressure.
Nickel Jan
Expect choppy with thin volume trading in the near future.
Zinc Jan
If prices sustain above Rs 222 there are chances of recovery rallies. Else, weakness may continue the day.
Lead Jan
Weakness may continue while prices stay below Rs 180. A direct rise above Rs 184 could negate the view.
Aluminium Dec
Sustained trades above Rs 203 is a sign of recovery rally. Else, may see negative bias trading.
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