Commodity Intraday Technical Outlook 13 April 2023 - Geojit Financial Services
Gold LBMA Spot
Buying momentum may continue while prices stay above $1980. A close below $1920 is a sign of downside reversal.
Silver LBMA Spot
Intraday outlook remains on the positive bias, but major rallies are seen only a break above $26. A direct dip below $22 is a sign of reversal.
Crude Oil NYMEX
Intraday resistance is seen at $84 which needs to be cleared for continuation of upticks. Else, choppy trading expected the day.
Gold KG Jun
A direct break above Rs 61000 would extend buying momentum. Otherwise there are chances of a range bound trading for the day.
Silver KG May
As long as prices stay above Rs 75000 bullish outlook may continue in the counter. A direct drop below Rs 71000 is a weak signal.
Crude Oil Apr
Prices remains choppy with positive bias. A direct drop below Rs 6400 is sign of downside reversal.
Natural Gas Apr
Inability to consistently trade above Rs 178 there are chances of corrective selling pressure to continue the day.
Copper Apr
As long as prices stay above Rs 785 intraday outlook likely to be on the positive side. Further weakness is seen only a break of Rs 758.
Nickel Apr
Expect choppy with thin volume trading in the near future.
Zinc Apr
Break below Rs 245 would trigger further selling pressure. Else, a sharp recovery upticks can be seen today.
Lead Apr
Consistent trades above Rs 184 would extend buying pressure. If not, there are chances of corrective selling for the day.
Aluminium Apr
As long as Rs 204 remains holds there are chances of recovery upticks. Unexpected drop of which is a sign of weakness.
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
Top News
FM Nirmala Sitharaman, will address press conference today on an important economic issue at...
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...