Powered by: Motilal Oswal
28-08-2024 09:11 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 28 August 2024 - Geojit Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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

A mild turnaround expected while the support of $74 remain hold downside.

Gold KG Oct

Consistent trades above Rs 72000 may extend rallies. Else, choppy with corrective dips expected.

Silver KG Sep

Choppy trading expected initially. Anyhow if prices sustain above Rs 85000 would extend rallies.

Crude Oil Sep

Expect a range bound trade initially. A direct rise above Rs 6500 would extend upticks.

Natural Gas Sep

Inability to move past Rs 158 there are chances of recovery upticks for the day.

Copper Sep

While prices stay above Rs 816 likely to extend rallies for the day.

Nickel Sep

Expect choppy with thin volume trading in the near future.

Zinc Sep

Consistent trades above Rs 272 may extend rallies. Else, likely for weak bias.

Lead Sep

Consistent trades above Rs 190 would extend recovery rallies.

Aluminium Sep

Break above Rs 234 would see fresh rallies. Else, choppy with mild negative bias for the day.

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer