Commodity Intraday Technical Outlook 30 November 2023 - Geojit Financial Services Ltd
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Gold LBMA Spot
Upticks likely to continue initially. A direct drop below $1990 likely to weaken the sentiments.
Silver LBMA Spot
Further rallies expected only a break above $25.20. Inability to break the same would see corrective selloffs.
Crude Oil NYMEX
Break above $79 would extend rallies. If not, expect corrective dips for the day.
Gold KG Dec
Expect positive outlook while prices stay above Rs 61200. A direct drop of which would weaken the sentiments.
Silver KG Dec
Choppy with mild positive bias expected initially. However, if it breaks below Rs 73800 would negate the view.
Crude Oil Dec
Upticks may continue as long as the support or Rs 6200 remain undisturbed.
Natural Gas Dec
If unable to move past Rs 240 there are chances of selling pressure. Otherwise mild recovery can be seen today.
Copper Dec
Break above Rs 723 expect rallies. If not there are chances of selling pressure.
Nickel Dec
Expect choppy with thin volume trading in the near future.
Zinc Dec
While above Rs 224 there are chances of recovery rallies. Else, weakness may continue the day.
Lead Dec
Weak bias may extend as long as prices stay below Rs 188.
Aluminium Dec
Expect choppy trades inside Rs 206-202 levels and breaking any of the sides would suggest fresh directional moves.
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