06-11-2023 09:22 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 6 November 2023 - Geojit Financial Services Ltd

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Gold LBMA Spot

Prices remain rangebound possibly inside $2000- 1930 levels and breaking any of the sides would suggest fresh directional moves.

Silver LBMA Spot

Consistent trades above $23.80 would trigger further rallies. Else, corrective selling pressure is expected the day.

Crude Oil NYMEX

A direct break below $80 there are more possibilities of further selling pressure. If not expect a mild turnaround today.

Gold KG Dec

Break above Rs 61500 would continue rallies. Else, choppy trading expected the day.

Silver KG Dec

Major rallies are seen only a break of Rs 73800. If unable to do so may see corrective selling pressure for the day.

Crude Oil Nov

While prices stay below Rs 6700 would extend weakness. Else, recovery rallies are possible the day.

Natural Gas Nov

Intraday weakness is seen only below Rs 284. If not able the break it expect recovery upticks.

Copper Nov

Consistent trades above Rs 710 would extend rallies. Else, choppy trading session is on the cards.

Nickel Nov

Expect choppy with thin volume trading in the near future.

Zinc Nov

Prices most likely congested inside Rs 225-220 level and either side breakout would suggest fresh directional move.

Lead Nov

Consistent trades below Rs 187 is a sign of weakness. If not, expect recovery rallies.

Aluminium Nov

Further correction is expected only below Rs 204. If unable to do so may see recovery upticks.

 

 

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