Commodity Intraday Technical Outlook 30 December 2024 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Prices remain choppy and possibly trade below $2675 levels for the day.
Silver LBMA Spot
A direct break below $28.50 would extend selloffs. Else, recovery rallies expected
Crude Oil NYMEX
As long as $69 hold downside, expect recovery rallies for the day.
Gold KG Feb
Inability to break the support of Rs 75500 there are chances of mild recovery rallies for the day.
Silver KG Mar
Inability to break the resistance of Rs 92000 there are chances of selling pressure to continue the day.
Crude Oil Jan
Choppy trades expected initially. Consistent trades above Rs 6000 would extend rallies.
Natural Gas Jan
While above Rs 282 recovery rallies would continue the day.
Copper Jan
If Rs 795 remain holds expect upticks. Else, weakness is likely.
Nickel Jan
Prices remain choppy with nil volume.
ZincM Jan
As long as the support of Rs 280 hold downside, there are chances of recovery rallies for the day.
LeadM Jan
While prices stay below Rs 180 intraday sentient mostly downbeat.
AluminiumM Jan
Prices remain choppy initially. A direct drop below Rs 238 would trigger selling pressure.
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