Commodity Intraday Technical Outlook 29 October 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Intraday bias mostly positive. Downside reversal point is placed at $2700.
Silver LBMA Spot
If the support of $33 remain undisturbed expect recovery rallies for the day.
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
While prices stay above Rs 95000 there are chances of recovery rallies. Stiff support is placed at Rs 88000.
Crude Oil Nov
While below Rs 5850 expect weak outlook to continue the day.
Natural Gas Nov
Inability to move past Rs 245 more weakness expected the day.
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
Weak bias may continue while prices stay below Rs 182.
AluminiumM Nov
A direct rise above Rs 246 would trigger another round of bullish rallies. Else, choppy trades expected
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