04-06-2023 11:55 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 06 April 2023 - Geojit Financial Services
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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.

 

 

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