Commodity Intraday Technical Outlook 06 April 2023 - Geojit Financial Services
Gold LBMA Spot
Gold LBMA Spot Consistent trades above $2000 would continue rallies. However, major liquidation is seen only a break of $1920.
Silver LBMA Spot
Silver LBMA Spot Buying momentum may continue initially. Unexpected drop below $22 is a sign of weakness.
Crude Oil NYMEX
Crude Oil NYMEX A direct rise above $82 would extend rallies. A direct break of $74 would trigger selling pressure.
Gold KG Jun
Gold KG Jun While prices stay above Rs 60000 would extend rallies. Else, a range bound trading expected the day.
Silver KG May
Silver KG May Upticks may see initially. However, consistent trades above the resistance of Rs 75000 may take prices to new highs. A direct drop below Rs 71000 is a sign of reversal.
Crude Oil Apr
Crude Oil Apr A direct break above Rs 6700 would extend rallies. Else, expect a choppy trading session for the day.
Natural Gas Apr
Natural Gas Apr There are chances of a choppy trading initially. However, a direct break above Rs 184 would trigger fresh round of buying. Copper Apr Break above Rs 780 is needed to extend rallies. Inability to so may see corrective selling pressure for the day.
Nickel Apr
Nickel Apr Expect choppy with thin volume trading in the near future. Zinc Apr While prices stay below Rs 252 weak bias is on the cards. Unexpected turn above the same would trigger rallies.
Lead Apr
Lead Apr Expect a choppy trading inside Rs 180-184 levels and breaking any of the sides would suggest fresh directional moves.
Aluminium Apr
Aluminium Apr Prices remain congested inside Rs 208-202 levels and breaking either side would suggest fresh short term direction.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaime