Commodity Intraday Technical Outlook 28 December 2023 - Geojit Financial Services
Gold LBMA Spot
Intraday outlook remain on positive side initially. Immediate downside reversal is seen only below $1990.
Silver LBMA Spot
Expect recovery upticks to continue as long as $23.50 hold downside. Further weakness is seen only below $23.50.
Crude Oil NYMEX
Weak bias remains on the cards initially. Sustained trades above $74 would trigger recovery upticks.
Gold KG Feb
While 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 Jan
If unable to move past Rs 6300 would see weak bias to continue the day.
Natural Gas
Jan Recovery upticks expected the day. Anyhow, consistent trades below Rs 202 is a weak signal.
Copper Jan
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
Sustained trades above Rs 222 recovery rallies would be seen. 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 Jan
Positive bias would continuwhile the support of Rs 205 remains undisturbed.
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