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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