27-10-2023 12:09 PM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 27 October 2023 - Geojit Financial Services Ltd

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Gold LBMA Spot

Prices remains choppy initially. Anyhow, break above $2000 is needed to trigger fresh rallies

Silver LBMA Spot

If the support of $22.50 holds, expect recovery upticks. A direct dip below would see extension of liquidation pressure.

Crude Oil NYMEX

Prices remains range bound inside $87-82 levels initially and breaking any of the sides would suggest fresh directional move

Gold KG Dec

As long as the support of Rs 60000 holds, expect mild recovery upticks for the day.

Silver KG Dec

Further rallies are seen only a break of Rs 73800. If unable to do so may see corrective selling pressure.

Crude Oil Nov

Stiff support is placed at Rs 6800 which if cleared would extend liquidation pressure. Else, recovery upticks are on the cards.

Natural Gas Nov

Recovery upticks would continue as long as prices stay above Rs 255. Unexpected drop below Rs 248 is a sign of weakness.

Copper Nov

Stiff resistance is seen at Rs 710 if unable to cross the same would see selling pressure.

Nickel Nov

Expect choppy with thin volume trading in the near future.

Zinc Nov

Expect a turn around in prices if the support of Rs 219 remain restrict further downside.

Lead Nov

Consistent trades below Rs 187 is a sign of weakness. If not, expect recovery rallies.

Aluminium Nov

Prices remains range bound in a tight range. Anyhow break below Rs 203 would extend liquidation.
 

 

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