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Below is a quote from Mr. Colin Shah, MD, Kama Jewelry on gold prices We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY24, offering a secure avenue for investors seeking exposure to gold. The first series was issued on June 19 at Rs 5,926 per gram. We expect the second issue, 2023-24 Series II, which will be issued between September 11 and 15, 2023 to be issued at a slightly lower rate. Gold is expected to outperform most asset classes ...
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY2 Says Mr. Colin Shah, MD, Kama Jewelry
Below "Quote on Silver" by Mr. Prathamesh Mallya, DVP Research, Non-Agro Commodities & Currency, Angel One Ltd. Silver price falls in recent weeks Silver prices in the international markets have fallen from highs of $25/oz on 30th August to around $23 as on 8th Sep...
Quote on Silver : Silver price falls in recent weeks Says Prathamesh Mallya, Angel One
Commodity Quote on Base Metals (Copper) by Mr. Saish Sandeep Sawant Dessai, Research Associate: Base Metals, Angel One Ltd Copper prices continue to extend weakness, as prices plunged to their lowest point in over two weeks as several factors converged to weigh on the market. A notable surge in copper inventories, soaring by 21% to 133,850 metric tons and reaching levels not seen since October, was a stark reminder of the supply-demand dynamics. Additionally, the robust U.S....
Commodity Quote on Base Metals (Copper) by Mr. Saish Sandeep Sawant Dessai, Angel One Ltd
JEERA Observations Jeera trading range for the day is 58550-63550. Jeera prices have surged attributed to a decrease in local market supplies. The increased demand for jeera during festivals has piqued the interest of stockists Drier weather condition in Gujarat will also lead to rise in arrivals that will cap the upwards move. In Unjha, a major spot market, the price ended at 60237.65 Rupees gained by 0.27 percent. BUY JEERA SEP @ 61000 SL 60500 TGT 61600-62000. NCDE...
Dhaniya trading range for the day is 6754-7078 - Kedia Advisory
Crude Oil Observations Crudeoil trading range for the day is 7122-7344. Crude oil dropped on fears that energy demand could weaken OPEC+ leaders Saudi Arabia and Russia extended supply cuts to the end of the year U.S. crude oil stockpiles fell for the fourth consecutive week, with inventories down over 6% in the last month Crude inventories fell by 6.3 million barrels, triple the 2.1 million-barrel drop that expected. SELL CRUDEOIL SEP @ 7280 SL 7380 TGT 7180-70...
Crudeoil trading range for the day is 7122 - 7344 - Kedia Advisory
Cotton Candy Cotton candy prices dipped by -0.56%, closing at 60,640, primarily due to concerns about demand from key buyer China. The U.S. Department of Agriculture (USDA) reported that 31% of the cotton crop was in good to excellent condition, slightly down from the previous week due to the impact of Hurricane Idalia. Heavy rainfall in China's Xinjiang region is expected to affect both the quality and quantity of cotton production in the area. India experienced a drop in cotton sowin...
Cotton candy prices dipped by -0.56%, closing at 60,640 - Kedia Advisory
SILVER Observations Silver trading range for the day is 71095-72715. Silver dropped pressured by strength of dollar and runup in Treasury yields. Strong economic data added leeway for the Federal Reserve to remain hawkish for a prolonged period. The dollar index rose above the 105 mark, its highest in six months. The yield on the US 10-year Treasury note approached 4.3% in the first week of September. BUY SILVER DEC @ 71300 SL 70600 TGT 72200-72800. MCX &nbs...
Silver trading range for the day is 71095 - 72715 - Kedia Advisory
GOLD Observations Gold trading range for the day is 58870-59190. Gold dropped as the U.S. labor market remains fairly robust The U.S. Labor Department said that weekly jobless claims fell by 13,000 to 216,000 Central banks stepped up gold buying in July – WGC Central banks added 55 920.7 metric tonnes during the month with China, Poland and Turkey being prominent buyers BUY GOLD OCT @ 58850 SL 58650 TGT 59100-59300. MCX To Read Complete Re...
Gold trading range for the day is 58870 - 59190 - Kedia Advisory
ALUMINIUM OBSERVATIONS Aluminium trading range for the day is 199.5-202.3. Aluminium dropped as sentiment remain bearish due to weak economic data from China ANZ expects aluminium market to move back into deficit in 2024, supporting prices in short term Japan's July aluminium stocks drop 1.9% m/m BUY ALUMINIUM SEP @ 200 SL 198 TGT 202-204. MCX COPPER OBSERVATIONS Copper trading range for the day is 721.6-737. Copper fell as a strong dollar and w...
Aluminium trading range for the day is 199.5 - 202.3 - Kedia Advisory
Below is "Daily Commodity Article" by Mr. Prathamesh Mallya, DVP Research, Non-Agro Commodities & Currency, Angel One Ltd. Gold ends lower for 3rd day straight; Crude settles lower too. GOLD Despite trimming gains in response to a stronger dollar, gold maintained its stabi...
Commodity Article : Gold ends lower for 3rd day straight; Crude settles lower too Says Prathamesh Mallya, Angel One
Gold Gold is trading neutral to negative. The prices are below 20 and 50 DMA. 58000 seems to be the bottom for now so buy on dips near 59000 for tgt of 59500 and stoploss of 58900. Crude Oil Crude Oil has seen strong upside momentum and is near to overbought zone but as long as it is above 6800, buy on dips near 7000 for tgt of 7100 and stoploss of 6950. Base Metal Update Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. ...
Crude Oil has seen strong upside momentum and is near to overbought zone but as long as it is above 6800 - Tradebulls Securities
JEERA NCDEX OCT 64000 is the immediate resistance and a voluminous rise above the same may strengthen upward momentum. Inability to clear the same may call for choppy moves with possibility of dips towards 62700/62000 ranges. DHANIYA NCDEX OCT Unless 7270 is breached convincingly upside, may trade sideways to weak with weakness intensifying below 7010 ranges. TURMERIC NCDEX OCT A direct voluminous rise above 15500 or a fall past 14300 may lend fresh directions for the day. ...
Agri Commodity Technical Report 08 September 2023 - Geojit Financial Services
Gold LBMA Spot Prices expected to be choppy with mild negative as it stays below the support of $1925. Further rallies are seen only above $1955. Silver LBMA Spot A mild recovery upticks expected initially. However, further major rallies are seen only a break above $25. Crude Oil NYMEX Further rallies are seen only above the immediate resistance of $88. Else, choppy trading is expected. Gold KG Oct Choppy trading with mild recovery upticks can be seen initially. However, ...
Commodity Intraday Technical Outlook 08 September 2023 - Geojit Financial Services
Metal’s Outlook Bullion Outlook * Spot gold is likely to rise towards $1935 levels as long as it sustains above $1910 levels amid retreat in dollar and US treasury yields. Further, investors will remain vigilant ahead of US Fed policymakers comments to get cues on interest rate outlook. As per CME Fed Watch tool investors now see a 92% chance of Fed holding its rate steady in September meeting while, more than 50% chance of Fed delivering another rate hike in November * MCX Gol...
MCX Silver is expected to rise back towards 72,500 level as long as it sustains above 71,500 level - ICICI Direct
COMMODITY OUTLOOK DAILY COMMODITY MARKET UPDATES NEWS IN HEADLINE * Oil prices fall further as supply-driven rally cools, weekly gains on tap * Oil prices ease on demand concerns, still headed for weekly gain * Brent falls below $90/bbl, pausing rally, on weaker demand outlook CHART OF THE DAY NATURALGAS: NATURALGAS, given yesterday's close with a green note around 215, is continually consolidating in the wide range of 245-200, where a move above 222 can lead some...
NATURALGAS, given yesterday`s close with a green note around 215, is continually consolidating in the wide range of 245-200 - Swastika Investmart
Gold Gold experienced a slight decline of -0.15%, closing at 58,998, largely influenced by the recent strength of the U.S. Dollar and the significant surge in Treasury yields. The strong economic data coming from the United States has given the Federal Reserve more room to maintain a hawkish stance for an extended period.In particular, new unemployment claims in the U.S. dropped to their lowest level in over six months at the end of August, defying expectations of a modest increase and cha...
Silver trading range for the day is 71095-72715 - Kedia Advisory
COMMODITY TECHNICAL OUTLOOK * MCX Gold is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.58800 - 58700 levels whereas resistance is at Rs.59100 - 59200 levels. * MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.71400 - 71000 levels whereas resistance is at Rs.72400 - 72700 levels. * MCX Crude Oil is likely to trade with sideways to negative bias during today&rsquo...
MCX Silver is likely to trade with sideways to positive bias during today`s trading session - Monarch Networth Capital
Gold MCX Gold opened sharply lower with a downward gap and selling pressure throughout the session. The chart pattern suggests that if Gold breaks and sustains below 58950 level it would witness selling which would drag the price towards 58650-58400 levels. Important resistance for the day is placed at 59300. SELL GOLD BELOW 58950 SL ABOVE 59100 TGT 58650/58400 Copper MCX Copper opened with a downward gap and selling pressure t...
Sell Copper Below 726 SL Above 730 TGT 721/717 - Axis Securities Ltd
Bullion Gold Range bound moves with mild positive bias expected in the intraday. Sturdy gains above the 59500 may strengthen the prices. Dip below 58900 may induce weakness. Silver Extended dip below 71700 may weaken the prices. Rebound may sustain only above 73000 region. ENERGY Crude Oil MACD Bullish divergence suggest mild positivity. However, to extend gains, prices need to break above the 7320 region. A dip below 7130 may induce weakness as well. Natur...
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 07 September 2023 By Geojit Financial
Gold Gold prices closed in red in the last session. On the daily chart prices settled around 59080 and was down by than 161 points. On the daily chart prices is stuck in a range between 59000 and 59600 level. However it is comfortably placed above 20 and 60 EMA which is a positive sign for prices. Buy on dips is recommended as long as 58800 level is intact on the lower side. BUY GOLD AROUND 59000 SL BELOW 58800 TGT 59200/59500 Crude Oil Crude oil prices carried its p...
Buy Gold Around 59000 SL BELOW 58800 TGT 59200/59500 - Axis Securities Ltd
Cottoncandy Observation Cottoncandy settled slightly higher, up by 0.07% at 60,980 as India grapples with a 3.65 lakh hectare drop in cotton sowing compared to the previous year. This decline is primarily attributed to poor monsoon conditions in Gujarat, where rain has been insufficient. Additionally, the closure of major mills and a low stock of old cotton crops have further exacerbated the tight local supplies of cotton. The arrival of the new cotton crop has started in parts of North...
Sell Cottoncandy Nov @ 61000 SL 61200 TGT 60800-60600. MCX - Kedia Advisory
Gold price has takes retracement in pas couple of sessions from its latest highs and it seems like we may expect further decline in Gold price. MCX Gold future is trading near 59200 currently.On the other hand,Comex Gold is been at $1925. Comex Gold future has reversed from its peak of $1952 level and trading negatively since past couple of sessions. This decline in Gold price is fueled by surge in Dollar index which is trading above 104.50 levels. Alongside Dollar index 10-Year Treasury y...
MCX Gold future is trading near 59200 currently By Sumeet Bagadia, Choice Broking Ltd
JEERA Observations Jeera trading range for the day is 57860-61260. Jeera dropped on profit booking after prices gained as Stockists are showing interest in wake of rising festive demand. Bleak export enquires are still a concern for exporters as demand from China has dropped in recent weeks Drier weather condition in Gujarat will also lead to rise in arrivals that will cap the upwards move. In Unjha, a major spot market, the price ended at 60237.65 Rupees gained by 0.27 perc...
Buy Jeera SEP @ 59400 SL 59000 TGT 60000-60500. NCDEX - Kedia Advisory
Crude Oil Observations Crudeoil trading range for the day is 7085-7425. Crude oil rose due to Saudi and Russian supply concerns and a stronger dollar. Global economic uncertainties continued to weigh on the demand outlook amid soft manufacturing and services data in major economies. U.S. crude by rail shipments fell by 23,000 bpd in June – EIA U.S. crude oil and gasoline stockpiles were expected to have dropped last week while distillate stockpiles were seen risi...
Naturalgas trading range for the day is 204.4-221.8 - Kedia Advisory
SILVER Observations Silver trading range for the day is 71200-74280. Silver dropped as dollar index firms at 6-month high Pressure seen amid expectations of higher-for-longer interest rates as the US economy is doing much better than other major economies. The ISM Services PMI in the US unexpectedly rose to a six-month high in August while PMIs for China and Europe disappointed. Fed is expected to maintain interest rates steady this month, and the likelihood of a 25bps increase...
Buy Silver DEC @ 72000 SL 71400 TGT 72800-73200. MCX - Kedia Advisory
GOLD Observations Gold trading range for the day is 58845-59425. Gold dropped after activity in the U.S. service sector showed unexpected improvement. The ISM said its Services Purchasing Managers Index rose to a reading of 54.5% last month The US trade deficit widened less than expected to $65 billion in July 2023 from a downwardly revised $63.7 billion in June The WGC said that global physically-backed gold ETFs saw their third consecutive month of outflows BUY GOLD OCT...
Buy Gold OCT @ 59000 SL 58800 TGT 59250-59400. MCX - Kedia Advisory
ALUMINIUM OBSERVATIONS Aluminium trading range for the day is 199.7-203.7. Aluminium gains driven by China's efforts to bolster its economy. China's factory activity surprisingly returned to expansion in August, a private-sector survey showed Aluminium stocks at three major Japanese ports slipped 1.9% to 350,600 metric tons as of end-July BUY ALUMINIUM SEP @ 200 SL 198 TGT 202-204. MCX COPPER OBSERVATIONS Copper trading range for the day is 727...
Buy Zincc SEP @ 219 SL 217 TGT 222-224. MCX - Kedia Advisory
Metal’s Outlook Bullion Outlook • Spot gold is likely to slip towards $1900 levels as long as it sustains below $1925 levels amid firm dollar and elevated US treasury yields. Yields are rising as fresh economic data from US showed signs of resilience bolstering expectations that Fed may keep rates higher for longer duration. Meanwhile, investors will remain cautious ahead of US Fed policymakers comments and initial jobless claims data to get cues on interest rate outlook &...
MCX Crude oil is likely to rise towards 7400 level as long as its sustains above 7150 levels - ICICI Direct
Gold Gold experienced a marginal decline of -0.26% to settle at $59,088 per ounce as unexpected improvements in the U.S. service sector data influenced market sentiment. The Institute for Supply Management (ISM) reported a rise in its Services Purchasing Managers Index (PMI) to 54.5%, surpassing the consensus estimate of 52.5% and July's reading of 52.7%. This positive economic data fueled optimism, leading to a slight dip in gold prices. Furthermore, the U.S. trade deficit in July 202...
Turmeric trading range for the day is 14676-15516 - Kedia Advisory
Gold LBMA Spot Prices expected to be choppy with mild negative as it stays below the support of $1925. Further rallies are seen only above $1955. Silver LBMA Spot Ongoing weakness may continue the day as well. Further rallies are seen only a break above $25. CCrude Oil NYMEX Break above the immediate resistance of $88 would trigger another bullish rallies. Else, choppy trading is expected. Gold KG Oct Corrective selloffs expected the day. Break above Rs 58500 is required ...
Commodity Intraday Technical Outlook 07 September 2023 - Geojit Financial Services
MARKET NEWS/UPDATES * Maharashtra has reported total area under kharif crops, as on Monday, at 14.1 mln ha, amounting to 98.9% of the normal area of 14.2 mln ha. As of Monday, the area under cereals in the state at 3.0 mln ha was 87% of its normal figure, with Nagpur exceeding 100% of the normal area up to the date. Meanwhile, cultivation in Latur was just 28% of the normal, data from the state government showed. Pulses were sown on 1.7 mln ha, nearly 75% of the normal acreage. Land under ...
Agri Commodity Technical Report 07 September 2023 - Geojit Financial Services
Below is Daily Commodity Article by Mr. Prathamesh Mallya, AVP- Research, Non-Agri Commodities, and Currencies, Angel One Ltd Gold extends weakness, Crude inches higher. GOLD Gold faced further declines on Wednesday as rising yields and expectations of prolonged higher U.S. interest rates, along with global growth concerns, drove investors towards the safe-haven dollar. With the dollar hovering near a six-month high and 10-year Treasury yields near th...
Commodity Article : Gold extends weakness, Crude inches higher Says Prathamesh Mallya, Angel One
COMMODITY OUTLOOK DAILY COMMODITY MARKET UPDATES NEWS IN HEADLINE * US to cancel Alaska oil, gas leases issued under Trump * Oil prices steady with U.S. inventory draw, China imports in focus * Oil prices edge up on anticipated US crude stock draw CHART OF THE DAY CRUDEOIL: CRUDEOIL is continuing its bullish momentum above 7200 levels and there are no signals of weakness, yesterday it given close around 7305 with big bullish candle, where 7380-7480 is an im...
Crude Oil is continuing its bullish momentum above 7000 levels - Swastika Investmart
Gold Gold is trading neutral to negative. The prices are below 20 and 50 DMA. 58000 seems to be the bottom for now so buy on dips near 59000 for tgt of 59500 and stoploss of 58900. Crude Oil Crude Oil has seen strong upside momentum and is near to overbought zone but as long as it is above 6800, buy on dips near 7000 for tgt of 7100 and stoploss of 6950. Base Metal Update Base metals are trading mixed as yesterday’s weak European PMI was negati...
Gold is trading neutral to negative - Tradebulls Securities
COMMODITY TECHNICAL OUTLOOK * MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.58900 - 58800 levels whereas resistance is at Rs.59300 - 59400 levels. * MCX Silver is likely to trade with negative bias during today’s trading session. Support is at Rs.72000 - 71500 levels whereas resistance is at Rs.73000 - 73500 levels. * MCX Crude Oil is likely to trade with positive bias during today’s trading session. Supp...
MCX Gold is likely to trade with sideways to negative bias during today`s trading session - Monarch Networth Capital
Bullion Gold Range bound moves with mild positive bias expected in the intraday. Sturdy gains above the 59600 may strengthen the prices. Dip below 59000 may induce weakness. Silver Extended dip below 73200 may weaken the prices. Rebound may sustain only above 74000 region ENERGY Crude Oil MACD Bullish divergence suggest mild positivity. However, an unexpected dip below 7120 may induce weakness. Natural Gas Prices may appear firmer above 219 reg...
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 06 September 2023 By Geojit Financial
Gold MCX Gold opened sharply lower with a downward gap and selling pressure throughout the session.The chart pattern suggests that if Gold breaks and sustains below 59100 level it would witness selling which would drag the price towards 58800-58600 levels. Important resistance for the day is placed at 59500. SELL GOLD BELOW 59100 SL ABOVE 59300 TGT 58800/58600 Copper MCX Copper opened with a dowanward gap and traded with extreme volatility on either side of the day. Th...
Sell Gold Below 59100 SL Above 59300 TGT 58800/58600 - Axis Securities Ltd
Below is Daily Commodity Article by Mr. Prathamesh Mallya, AVP- Research, Non-Agri Commodities, and Currencies, Angel One Ltd Gold slips near 1-week lows; Crude settles on a firm note. GOLD Gold prices slipped to a one-week low as investors turned to the U.S. dollar amidst weak data from China. However, the decline was tempered by rising expectations that the U.S. Federal Reserve might pause interest rate increases, making gold less expensive for othe...
Commodity Article : Gold slips near 1-week lows Crude settles on a firm note Says Prathamesh Mallya, Angel One
Crude Oil Crudeoil trading range for the day is 6945-7437. Crude oil spikes as Saudi extends 1M bpd cut for 3 more months till Dec. Saudi Arabia added that the cut decision which has gone into implementation in July and was extended to include August and September Russia also extended its voluntary reduction in oil exports by 300,000 bpd until the end of the year. However, concerns about the health of the Chinese economy continue after disappointed services PMI. BUY CRUDEOIL...
Buy Crudoil SEP @ 7150 SL 7050 TGT 7250-7350. MCX - Kedia Advisory
JEERA OBSERVATION Jeera trading range for the day is 58600-61820. Jeera dropped on profit booking after prices gained as Stockists are showing interest in wake of rising festive demand. Bleak export enquires are still a concern for exporters as demand from China has dropped in recent weeks Drier weather condition in Gujarat will also lead to rise in arrivals that will cap the upwards move. In Unjha, a major spot market, the price ended at 60516.25 Rupees gained by 0.01 perce...
Buy Dhaniya SEP @ 7050 SL 6950 TGT 7150-7250. NCDEX - Kedia Advisory
Cotton candy Cotton candy prices dipped by -0.91% to settle at 60,940, primarily due to profit booking as the new cotton crop began arriving in parts of North and South India. The crop is arriving a bit earlier than usual, with daily arrivals reaching around 3,000 bales. The demand is expected to pick up gradually, with stronger arrivals anticipated post-September 15. In regions like Telangana, Andhra Pradesh, and Karnataka, raw cotton arrivals have commenced, particularly in places like K...
Sell Cottoncandy NOV @ 61000 SL 61200 TGT 60800-60600. MCX - Kedia Advisory
Silver Observation Silver trading range for the day is 72580-74790. Silver fell as the dollar rose; China, euro data raised global growth worries Disappointing data from euro and U.K. signaled waning consumer demand The US report indicated a strong labor market but also an increase in the unemployment rate. U.S. manufacturing continued to contract but at a slower pace, possibly stabilizing. BUY SILVER DEC @ 73000 SL 72200 TGT 73800-74500. MCX To...
Buy Silver DEC @ 73000 SL 72200 TGT 73800-74500. MCX - Kedia Advisory
Gold Gold trading range for the day is 59050-59560. Gold prices dropped amid a rising U.S. dollar and U.S. Treasury yields. Investors weighed disappointing figures from China against signs of cooling economy in the US. The US unemployment rate unexpectedly rose to 3.8% in August, the highest since February 2022. Chinese dealers sold gold at $20-$38 an ounce premium over global spot prices, after jumping to $40-$60 last week BUY GOLD OCT @ 59150 SL 58950 TGT 59350-59500. MCX ...
Buy Gold OCT @ 59150 SL 58950 TGT 59350-59500. MCX - Kedia Advisory
Gold Gold prices experienced a slight decline of -0.25% to settle at $59,243 due to a strengthening U.S. dollar and rising U.S. Treasury yields. Investors were torn between disappointing figures from China and signs of a cooling U.S. economy. China's service sector growth slowed to an eight-month low, missing projections and undermining government efforts to boost recovery. However, gold held steady due to expectations of reduced monetary tightening by the Federal Reserve, triggered by...
Zinc trading range for the day is 217.4-223.4. - Kedia Advisory
ALUMINIUM OBSERVATIONS Aluminium trading range for the day is 199-202.4. Aluminium dropped under pressure from weak service sector data from China China's Yunnan province started ramping up energy-intensive aluminium production after the end of power curbs. Japan's July aluminium stocks drop 1.9% m/m SELL ALUMINIUM SEP @ 203 SL 205 TGT 201-199. MCX COPPER OBSERVATIONS Copper trading range for the day is 729.2-747.6. Copper gains supported by...
Sell Aluminium SEP @ 203 SL 205 TGT 201-199. MCX - Kedia Advisory
Metal’s Outlook Bullion Outlook * Spot gold is likely to slip towards $1909 levels as long as it sustains below $1935 levels amid strong dollar and surge in US treasury yields. Yields are rising on elevated crude oil prices and as investors weigh prospects for further US rate hikes. Market participants fear that elevated crude oil prices will hurt headline inflation in turn forcing major central banks across globe to continue with its monetary tightening policy. Meanwhile, investo...
MCX Crude oil is likely to rise towards 7300 level - ICICI Direct
COMMODITY OUTLOOK DAILY COMMODITY MARKET UPDATES NEWS IN HEADLINE * Oil gains on supply woes after OPEC+ output cuts * Oil prices push higher as Saudi, Russian cuts spell tighter supply * Oil prices settle at 10-month high as Saudi, Russia extend supply cuts CRUDEOIL: CRUDEOIL is continuing its bullish momentum above 7000 levels and there are no signals of weakness, yesterday it given close around 7218 with big bullish candle, where 7300-7380 is an immediate ta...
Energy: Day trend is indicating uptrend in Crude oil & sideways in Natural gas - Swastika Investmart
Gold LBMA Spot Intraday bias most likely choppy with mild negative as prices stay below the support of $1925. Further rallies are seen only above $1955. Silver LBMA Spot Corrective selling pressure is on the cards. Further rallies are seen only a break above $25. Crude Oil NYMEX While prices stay above $85 would continue rallies. A direct dip below $82 likely to correct prices lower. Gold KG Oct Break above Rs 58500 is required to extend rallies. Else, a mild selloffs exp...
Commodity Intraday Technical Outlook 06 September 2023 - Geojit Financial Services
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