Commodity Intraday Technical Outlook 7th August 2026 - Geojit Investments Ltd
Gold LBMA Spot
Expect recovery rallies as long as prices stay above of $4000.
Silver LBMA Spot
Choppy trading expected initially. Anyhow, consistent trades above $60 likely to extend upticks.
Crude Oil NYMEX
As long as prices stay above $68 expect mild recovery rallies for the day.
Gold KG Aug
Recovery upticks expected if prices stay above Rs 148000.
Silver KG Sep
Choppy trading expected initially. However, upside turnaround point is seen at Rs 253000
Crude Oil Aug
Mild upticks expected the day. However, stiff support is seen at Rs 7850.
Natural Gas Aug
Expect a congested trade inside a tight range. It needs to break above Rs 278 to trigger rallies.
Copper Aug
While prices stay above the stiff support of Rs 1300 positive bias may continue. Downside turnaround point is seen at Rs 1180.
Nickel Aug
Support is placed at Rs 1550, which if cleared would extend weakness.
ZincM Aug
A direct rise above Rs 390 would extend rallies. If not, there are chances of corrective selloffs.
LeadM Aug
A direct drop below Rs 195 prices would liquidate further. If not, may see choppy trading for the day.
Alumini Aug
Prices remain choppy initially. However, major selloffs are seen only below at Rs 324.
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