Commodity Intraday Technical Outlook 4 December 2023 - Geojit Financial Services Ltd
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Gold LBMA Spot
Bullish outlook expect to continue initially. A direct drop below $1990 is an early sign of weakness.
Silver LBMA Spot
While above $25.20 there are more potential upside. However, a direct dip below $24.50 would weaken the momentum.
Crude Oil NYMEX
Weak bias remains on the cards as long as $78 keep further upside. Anyhow stiff support is placed $72.
Gold KG Feb
Bullish outlook remain intact and prices may target new highs.
Silver KG Feb
Fresh all time highs are likely as long as it constantly trades above Rs 77500. A direct drip of Rs 72000 is a weak sign.
Crude Oil Dec
Intraday outlook remain on the weaker side. A direct rise above Rs 6480 could negate the trend.
Natural Gas Dec
Selling pressure to extend as while the resistance of Rs 240 remain undisturbed.
Copper Dec
Consistent trades 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
If prices sustain 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
Further selloffs are seen only below Rs 201. If it sustain above the level would see recovery upticks.
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