Commodity Intraday Technical Outlook 2nd November 2026 - Geojit Investments Ltd
Gold LBMA Spot
Broad trend remains choppy. Consistent trades below $3800 would extend weakness.
Silver LBMA Spot
While prices stay below $54 liquidation pressure likely to continue. Next support is seen at $44.
Crude NYMEX
Consistent trades above $96 may lift prices further higher. Stiff support is seen at $84.
Gold KG Dec
Expect weak bias to continue while prices stay below Rs 142000. A direct rise above Rs 148000 could negate the view.
Silver KG Dec
More liquidation pressure is on the cards while prices stay below Rs 200000. Immediate upside reversal point is placed at Rs 224000.
Crude oil Nov
While above Rs 9200 likely to continue buying momentum. Downside reversal point is seen at Rs 8650.
Natural Gas
Nov While prices stay below Rs 300, broad momentum remains on the weaker side
Copper Nov
If prices stay above Rs 1350 positive bias are intact. Downside turnaround point is seen at Rs 1180.
Nickel Nov
Support is placed at Rs 1450, which if cleared would extend weakness.
Zinc M Nov
Intraday volatility expected. Anyhow, broad outlook remains positive.
Lead M Nov
A direct drop below Rs 195 prices would liquidate further. If not, may see choppy trading for the day.
Alumini Nov
Choppy with mild positive bias expected. Major selloffs are seen only below at Rs 316.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH20000034
