Commodity Intraday Technical Outlook 28 November 2023 - Geojit Financial Services Ltd
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Gold LBMA Spot
Expect recovery rallies to continue the day. A direct drop below $1990 likely to weaken the sentiments.
Silver LBMA Spot
Immediate upside obstacle is placed at $25 which needs to be cleared for triggering major rallies.
Crude Oil NYMEX
A mild recovery can be seen as long as $74 remains hold the downside. Else, weakness would continue the day.
Gold KG Dec
While above Rs 61200 likely to extend rallies. Else, choppy trading expected the day.
Silver KG Dec
Intraday outlook most likely on the positive. However, if it breaks below Rs 73800 would negate the view.
Crude Oil Dec
Mild pullbacks expected initially. However a direct rise above Rs 6400 is a sign of reversal of the present weakens.
Natural Gas Dec
Prices remains choppy with mild negative. However consistent trades above Rs 238 would trigger fresh rallies.
Copper Dec
A direct drop below Rs 716 expect weakness for the day. Else, choppy trading is on the cards
Nickel Dec
Expect choppy with thin volume trading in the near future.
Zinc Dec
While above Rs 224 there are chances of recovery rallies. Else, weakness may continue the day.
Lead Dec
Immediate resistance is placed at Rs 193.50 which if broken would extend rallies.
Aluminium Dec
Consistent trades below Rs 205 weakness may extend the day. Inability to so may see recovery upticks.
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