04-05-2023 11:41 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 05 April 2023 - Geojit Financial Services
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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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