28-12-2023 11:24 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 28 December 2023 - Geojit Financial Services

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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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