28-11-2023 10:35 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 28 November 2023 - 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

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.

 

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