Commodity Intraday Technical Outlook 7 February 2024 -Geojit Financial Services
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Gold LBMA Spot:
Weak bias remains on the card while prices stay below $2070. Stiff support below $2000 would trigger further liquidation.
Silver LBMA Spot:
It is required to break $22 to see another round of liquidation pressure. Immediate upside turnaround point is placed at $23.40.
Crude Oil NYMEX:
Consistent trades above $73 intraday bias mostly on the positive side. Immediate downside reversal point is placed at $71.
Gold KG Apr:
If the support of Rs 62000 remain holds expect mild recovery upticks for the day.
Silver KG Mar:
As long as Rs 70300 hold downside expect recovery rallies. Else, it may continue weak bias.
Crude Oil Feb:
A direct dip below Rs 6000 would extend liquidation pressure. Else, recovery rallies possible
Natural Gas Feb:
Broad outlook remain on the weaker side. Unexpected rise above Rs 180 may see mild recovery rallies.
Copper Feb:
If the support of Rs 715 hold, there are chances of mild recovery. Anyhow stiff resistance is placed at Rs 722.
Nickel Feb:
Expect choppy with thin volume trading in the near future.
Zinc Feb:
If the support of Rs 216 remain h
Lead Feb:
Expect choppy with negative bias trading as long as prices stay below Rs 181.
Aluminium Feb:
Further selloffs expected only below Rs 199. Else, mild recovery rallies are possible the day.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v89_Wex0B3E.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HDFC Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Zomato07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Piyush Goyal07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v38_zDiylqc.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Prashant Thakur ANAROCK Group.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v152_BhgJWbe.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
Buy Gold Above 72500 SL Below 72300 TGT 72800/73100 - Axis Securities Ltd
![Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 04 July 2024 - Geojit Financial Services Ltd](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![Gold prices rose in Asian trade on Wednesday, seeing some relief as the dollar retreated on some positive comments from Federal Reserve Chair Jerome Powell - HDFC Securities](https://portfolio.investmentguruindia.com/uploads/news/HDFC Securities.jpg)
![Buy Turmeric Aug @ 15900 SL 15600 TGT 16300-16600. NCDEX - Kedia Advisory](https://portfolio.investmentguruindia.com/uploads/news/Kedia Spices Outlook.jpg)