Commodity Intraday Technical Outlook 30 September 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Bullish outlook remain intact as long as prices stay above $2600. A direct drop below $2540 may see downside correction.
Silver LBMA Spot
A direct rise above $32.50 would extend rallies. If unable to move past the same would see corrective selling pressure.
Crude Oil NYMEX
As long as $70 caps upside, expect choppy with corrective selling for the day.
Gold KG Oct
Break above Rs 75500 would extend rallies. If not may see corrective selling pressure.
Silver KG Dec
A direct break above Rs 94000 would trigger another round of bullish rallies.
Crude Oil Oct
Choppy trades inside Rs 6100-5600 expected and either side breakout would suggest fresh directions.
Natural Gas Oct
While above Rs 240 there are chances of extension of recovery rallies.
Copper Oct
Resistance is placed at Rs 865 which needs to be cleared for further rallies.
Nickel Oct
Expect choppy with thin volume trading in the near future.
ZincM Oct
Consistent trades above Rs 280 expect recovery rallies to continue the day.
LeadM Oct
While above Rs 184 it may extend rallies. Else, choppy with corrective selloffs.
AluminiumM Oct
If unable to break above Rs 242 expect corrective selling pressure for the day.
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