Commodity Intraday Technical Outlook 30 August 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Break above $2530 would extend rallies. Else, choppy trades expected the day.
Silver LBMA Spot
It is necessary to cross above $30 to extend rallies. inability to break it would see corrective selloffs.
Crude Oil NYMEX
A mild turnaround expected while the support of $74 remain hold downside.
Gold KG Oct
Consistent trades above Rs 72000 would extend rallies. Else, choppy with corrective dips expected.
Silver KG Dec
Expect choppy trades initially. A direct break below Rs 85000 likely to extend weakness.
Crude Oil Sep
Expect a range bound trade initially. A direct rise above Rs 6500 would extend upticks.
Natural Gas Sep
There are chances of recovery upticks while prices stay above Rs 178.
Copper Sep
Choppy with weak bias expected as long Rs 810 caps upside.
Nickel Sep
Expect choppy with thin volume trading in the near future.
Zinc Sep
A direct drop below Rs 268 would extend selling pressure. Else recovery rallies expected.
Lead Sep
Inability to move past Rs 188 expect corrective selloffs for the day.
Aluminium Sep
A mild turn around is expected as long as Rs 226 hold downside for the day.
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