03-11-2023 10:28 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 3 November 2023 - Geojit Financial Services Ltd

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Gold LBMA Spot

Prices remain rangebound. If prices stabilize above $2000 would extend the bullish momentum

Silver LBMA Spot

Selling pressure remains in the cards. However, if it holds $22.50 there are chances of recovery upticks later.

Crude Oil NYMEX

While above $80 intraday momentum mostly choppy with recovery bias. Anyhow stiff resistance is placed at $84.

Gold KG Dec

Inability to move past Rs 61000 weak momentum likely to continue the day. Further rallies are seen only above Rs 62500.

Silver KG Dec

Major rallies are seen only a break of Rs 73800. If unable to do so may see corrective selling pressure for the day.

Crude Oil Nov

Stiff support below Rs 6700 would extend weakness. Else, recovery rallies are possible the day.

Natural Gas Nov

Intraday weakness is seen only below Rs 284. If not able the break it expect recovery upticks.

Copper Nov

Consistent trades above Rs 710 would extend rallies. Else, choppy trading session is on the cards.

Nickel Nov

Expect choppy with thin volume trading in the near future.

Zinc Nov

Recovery pullbacks are likely as long as the support of Rs 219 remain restrict further downside.

Lead Nov

Consistent trades below Rs 187 is a sign of weakness. If not, expect recovery rallies.

Aluminium Nov

As long as Rs 204 remain hold downside, recovery bias expected in the counter. A direct drop of which would liquidate prices further

 

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