Commodity Intraday Technical Outlook 28 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
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.
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