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27-09-2023 10:51 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 27 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 

Weak bias to continue if unable to trade above $23.80. Consistent trades above $25.50 could lift prices higher.

Crude Oil NYMEX 

Recovery upticks can be seen as long as the support of $88 remain undisturbed.


Gold KG Oct

A direct break of the stiff support of Rs 58200 would liquidate prices further. Else, a mild recovery upticks can see today.


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

Break above Rs 7600 would trigger another round of rallies. If not expect choppy with corrective selling pressure.

Natural Gas Oct 

Mild upticks are likely initially. However, consistent trades below Rs 225 would weaken the momentum.

Copper Oct

While prices stay below the support of Rs 710 may extend weakness. Else choppy trades remains on the cards.

Nickel Oct

Expect choppy with thin volume trading in the near future.

Zinc Oct

Recovery in prices can be seen only a break above Rs 227. Else, choppy with mild negative bias trading is on the cards.

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

Choppy trades inside Rs 206-202 levels are initially expected. Breaking any of the sides would suggest fresh directional moves.


 

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