Commodity Intraday Technical Outlook 28 November 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Expect weakness in the initial hours. However, consistent trades above $2720 would trigger rallies.
Silver LBMA Spot
If unable to cross above $31.50 there are chances of corrective selling pressure to continue the day.
Crude Oil NYMEX
Choppy with corrective selloffs are expected as long as $72 caps upside.
Gold KG Dec
Choppy with weak bias trading expected initially. Anyhow, stiff support is seen at Rs 75000.
Silver KG Dec
Break below Rs 87000 would extend liquidation pressure.
Crude Oil Dec
As long as prices stay below Rs 6000 broad trend remains on the weaker side.
Natural Gas Dec
Corrective selloffs expected while prices stay below Rs 280.
Copper Dec
If Rs 800 hold downside, there are chances of recovery upticks.
Nickel Dec
Nil volume trades expected.
ZincM Dec
Consistent trades above Rs 282 likely to trigger fresh rallies. Else, choppy trading expected.
LeadM Dec
While above Rs 178 momentum mostly choppy with mild recovery upticks.
AluminiumM Dec
A direct break above Rs 248 would trigger fresh bullish waves. Else, choppy trading is on the cards.
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