Commodity Intraday Technical Outlook 4 October 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Initial trades likely to be choppy but there are chances of bullish rallies to continue later.
Silver LBMA Spot
A direct rise above $32.50 would extend rallies. Else, choppy trades are likely for the day.
Crude Oil NYMEX
While above $70 there are chances of recovery rallies to continue the day.
Gold KG Oct
A direct rise above Rs 75800 would surge prices further highs.
Silver KG Dec
Prices remain choppy initially. A direct break above Rs 94000 would trigger fresh bullish rallies
Crude Oil Oct
As long as prices stay above Rs 6100 outlook remains positive and expect to extend rallies.
Natural Gas Oct
While above Rs 240 there are chances of extension of recovery rallies.
Copper Oct
Further rallies expected only above Rs 865. If unable to break it would see corrective selling pressure
Nickel Oct
Expect choppy with thin volume trading in the near future.
ZincM Oct
While above Rs 282 sentiment remains on the positive side.
LeadM Oct
Inability to cross above Rs 185 expect mild selling pressure for the day.
AluminiumM Oct
Prices remains choppy initially. However, consistent trades above Rs 240 may extend rallies later
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