Commodity Intraday Technical Outlook 31 October 2023 - Geojit Financial Services Ltd
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Gold LBMA Spot
Mild upticks can be seen initially. If prices stabilize above $2000 would extend the momentum. Else, expect a choppy session for the day.
Silver LBMA Spot
Support of $22.50 if remains holds, expect recovery upticks. A direct dip below would see extension of liquidation pressure.
Crude Oil NYMEX
If prices breaks the support of $82 intraday momentum mostly on the weaker side. If not expect choppy trading for the day
Gold KG Dec
As long as the support of Rs 61000 holds, expect recovery upticks would continue the day.
Silver KG Dec
Further rallies are seen only a break of Rs 73800. If unable to do so may see choppy trading session for the day.
Crude Oil Nov
Prices remain choppy initially but if it breaks the support of Rs 6800 would extend weak momentum. Else, recovery rallies are on the cards.
Natural Gas Nov
Further rallies are seen only a break above Rs 290. If not, expect choppy with corrective selling pressure expected the day
Copper Nov
Consistent trades above Rs 710 would extend rallies. Else, choppy with mild negative bias is on the cards.
Nickel Nov
Expect choppy with thin volume trading in the near future.
Zinc Nov
Expect a turn around in prices if 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
Upticks are likely as long as prices hold the support of Rs 204. Else, corrective selling pressure is likely for the day.
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