Commodity Intraday Technical Outlook 05 April 2023 - Geojit Financial Services
Gold LBMA Spot
Gold LBMA Spot Rallies would continue while prices stay above $2000. A direct dip below $1920 is a weak signal.
Silver LBMA Spot
Silver LBMA Spot Recovery rallies would continue while prices stay above $24. A direct dip below $22 is a sign of weakness.
Crude Oil NYMEX
Crude Oil NYMEX A direct rise above $82 would extend rallies. Else, may see corrective selling pressure.
Gold KG Jun
Gold KG Jun Initial dips expected but recovery rallies would continue day. A dip below Rs 59000 is a weak sign.
Silver KG May
Silver KG May If hold the support of Rs 72500 may see extension of rallies. Consistent trades below Rs 71500 is a weak signal.
Crude Oil Apr
Crude Oil Apr Choppy trading expected initially. However if prices stay above Rs 6500 there are more upside potential.
Natural Gas Apr
Natural Gas Apr If unable to break Rs 174 expect recovery upticks. A direct drop of Rs 168 would trigger liquidation pressure.
Copper Apr
Copper Apr Bullish rallies would extend only a break above Rs 795. Else, corrective selling pressure is on the cards for the day.
Nickel Apr
Nickel Apr Expect choppy with thin volume trading in the near future.
Zinc Apr
Zinc Apr As long as Rs 252 holds, expect recovery rallies for the day. A direct dip below would trigger selling pressure.
Lead Apr
Lead Apr A direct break of Rs 179 would trigger fresh liquidation pressure. Inability to do so may see recovery upticks.
Aluminium Apr
Aluminium Apr Range bound trading expected inside Rs 208-202 levels initially. Anyhow major moves are less expected.
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