08-02-2024 11:41 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 8 February 2024 - Geojit Financial Services

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Gold LBMA Spot:

Choppy with weak bias expected the day while prices stay below $2070.

Silver LBMA Spot:

Weak bias would continue but it required to break $22 to trigger major liquidation pressure.

Crude Oil NYMEX:

While 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:

A direct break of Rs 70000 would extend weakness. Else, it may continue weak bias.

Crude Oil Feb:

Mild upticks can be seen as long as the support of Rs 6100 remain undisturbed.

Natural Gas Feb:

Broad outlook remain on the weaker side. Unexpected rise above Rs 180 may see mild recovery rallies.

Copper Feb:

While below Rs 712 weakness would continue the day as well.

Nickel Feb:

Expect choppy with thin volume trading in the near future.

Zinc Feb:

As prices cleared the support of Rs 215 would extend selling pressure.

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.

 

 

 

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