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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