29-02-2024 09:39 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 29 February 2024 -Geojit Financial Services

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Gold LBMA Spot:

Break above $2045 would trigger recovery rallies. Else, choppy with trading expected the day.

Silver LBMA Spot:

Outlook remains bearish as long as prices stay below $23.50.

Crude Oil NYMEX:

If unable to break the support of $77, intraday momentum mostly on the positive side today.

Gold KG Apr:

Consistent trades above Rs 62400 would extend recovery rallies. Else, prices remain choppy.

Silver KG Mar:

While below Rs 69000 it may extend selling pressure. Else, recovery upticks can be seen today.

Crude Oil Mar:

Choppy trading expected initially. A direct drop of Rs 6300 would see extension of weakness.

Natural Gas Mar:

Recovery upticks likely to extend as long as the support of Rs 140 remain undisturbed.

Copper Mar:

Intraday support is seen at Rs 722 breaking of the same is needed for further correction.

Nickel Mar:

Expect choppy with thin volume trading in the near future.

Zinc Mar:

Inability to move past Rs 210 there are chances of recovery rallies for the day.

Lead Mar:

Bearish outlook remains on the cards as long as prices stay below Rs 180.

Aluminium Mar:

A direct drop below Rs 197 would extend weakness. Else, mild recovery upticks expected the day.

 

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