Commodity Intraday Technical Outlook 28 October 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Intraday bias mostly choppy with mild positive. Anyhow, broad outlook remain bullish.
Silver LBMA Spot
A mild downbeat sentiment may see initially. However, a direct drop below $31.50 is a reversal sign.
Crude Oil NYMEX
While prices stay below $70 likely to extend liquidation pressure.
Gold KG Dec
Break above Rs 78900 would trigger another round of bullish rally. Else, choppy trades expected the day.
Silver KG Dec
Inability to break below Rs 95000 there are chances of recovery rallies. Stiff support is placed at Rs 88000.
Crude Oil Nov
A direct drop below Rs 5850 likely to extend weak bias for the day.
Natural Gas Nov
Choppy with mild negative bias expected the day. Further rallies seen only above Rs 215.
Copper Nov
If the support of Rs 832 remain hold there are chances of recovery rallies.
Nickel Nov
Nil volume trades expected. ZincM Nov Intraday bias choppy with mild positive. Further weakness seen only below Rs 285.
LeadM Nov
Consistent trades below Rs 182 it may extend weak outlook for the day. Else, recovery rallies expected.
AluminiumM Nov
Expect a tight range bound trade inside Rs 245-238 levels and breaking any of the sides would suggest fresh directions.
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