Commodity Intraday Technical Outlook 27 March 2023 - Geojit Financial Services
Gold LBMA
Spot If unable to move past $2000 there are chances of corrective selling pressure. However major liquidation is unlikely unless breaking the support of $1920.
Silver LBMA Spot
Immediate resistance is at $23.50 which needs to be cleared for further rallies. Else, corrective selling pressure is likely for the day.
Crude Oil NYMEX
Expect a choppy trading inside $71.50-67 levels and breaking any of the sides would suggest fresh directional moves for the day.
Gold KG Apr
Intraday outlook remains positive as long as prices stay above Rs 58500. A close below Rs 57900 would trigger corrective selling pressure.
Silver KG May
If Rs 71000 remains caps expect corrective selling pressure initially. Anyhow major support is placed at Rs 67500.
Crude Oil Apr
Inability to move past the resistance of Rs 5900 expect to see corrective selling pressure. Consistency above the same would trigger fresh rallies.
Natural Gas Mar
Selling pressure may continue while the resistance of Rs 192 caps upside. A direct rise above Rs 202 is a sign of recovery upticks.
Copper Apr
A direct rise above Rs 784 would trigger rallies. Else, may see corrective selling pressure. Nickel Apr Expect choppy with thin volume trading in the near future.
Zinc Apr
A direct break below Rs 252 would trigger selling pressure. Else, recovery upticks are on the cards for the day.
Lead Apr
Break below the support f Rs 282 expect selling pressure to continue the day. A direct rise above Rs 285 would trigger rallies.
Aluminium Apr
Expect a range bound trading inside Rs 208-202 levels and breaking any of the sides would suggest fresh directional moves.
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