29-11-2023 09:59 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 29 November 2023 - Geojit Financial Services Ltd

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Gold LBMA Spot

Upticks would continue initially. A direct drop below $1990 likely to weaken the sentiments.

Silver LBMA Spot

Intraday momentum mostly on the upper side as long as it stays above $24. A direct drop below $21 is a weak sign.

Crude Oil NYMEX

Recovery rallies would extend as long as $74 remains hold the downside. Else, weakness would continue the day.

Gold KG Dec

Prices remains stays positive while above Rs 61200. A direct drop of which would weaken the sentiments.

Silver KG Dec

Intraday outlook most likely on the positive. However, if it breaks below Rs 73800 would negate the view.

Crude Oil Dec

Upticks may continue as long as the support or Rs 6200 remain undisturbed.

Natural Gas Dec

Consistent trades above Rs 240 would extend rallies. Else, weak bias expected the day.

Copper Dec

Break above Rs 723 expect rallies. If not there are chances of selling pressure.

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

Weak bias may extend as long as prices stay below Rs 188.

Aluminium Dec

Congested trades inside Rs 206-202 is likely initially and breaking any of the sides would suggest fresh directional moves.

 

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