Commodity Intraday Technical Outlook 31 October 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Bullish outlook may extend while prices stay above $2730. Downside reversal point is placed at $2700.
Silver LBMA Spot
If the support of $33 remain undisturbed expect recovery rallies for the day.
Crude Oil NYMEX
Recovery upticks are on the cards while $67 hold the downside. Unexpected drop of which would extend weakness.
Gold KG Dec
While above Rs 79000 may extend bullish rally. Immediate downside reversal point is placed at Rs 77500.
Silver KG Dec
Expect a choppy trading initially. Anyhow break above Rs 98000 would trigger fresh rallies.
Crude Oil Nov
A direct drop below Rs 5650 may see further selling pressure. Else, recovery rally expected.
Natural Gas Nov
Inability to move past Rs 245 more weakness expected the day.
Copper Nov
Prices likely to be congested inside a tight range expected initially.
Nickel Nov
Nil volume trades expected.
ZincM Nov
Intraday bias choppy with mild negative. Stiff resistance is placed at Rs 290.
LeadM Nov
Weak bias may continue while prices stay below Rs 182.
AluminiumM Nov
A direct dip below Rs 238 may extend weak bias. Else, there are chances of recovery rallies.
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