Powered by: Motilal Oswal
01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 19 April 2023 - Geojit Financial Services
News By Tags | #473 #4943

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Gold LBMA Spot

A direct break below $1980 would extend selling pressure. Else, buying momentum may continue the day.

Silver LBMA Spot

Expect a choppy trading initially but a break above $26 would trigger fresh rallies. A direct dip below $22 is a sign of downside reversal.

Crude Oil NYMEX

Inability to move past $84 choppy trading remains on the cards. Anyhow, stiff support is placed at $76.

Gold KG Jun

As long as the support of Rs 59800 hold downside, there are chances of recovery upticks. Major correction is seen only a break of Rs 59500.

Silver KG May

Consistent trades above Rs 75000 is required to extend bullish rallies. Else, choppy with negative bias trading expected the day.

Crude Oil May

If Rs 6750 remains caps upside, intraday moves mostly choppy. However, stiff resistance is paled at Rs 6910.

Natural Gas Apr

Support of Rs 178 if remain undisturbed expect recovery upticks. An unexpected drop below Rs 165 is a sign of liquidation.

Copper Apr

Rallies are expected only a break above Rs 785. Else, corrective selling pressure may extend the day as well.

Nickel Apr

Expect choppy with thin volume trading in the near future.

Zinc Apr

Expect a choppy trade inside Rs 255-250 levels and breaking any of the sides would suggest fresh directional moves.

Lead Apr

Breaking Rs 184 is needed to extend buying pressure. If not, there are chances of corrective selling for the day.

Aluminium Apr

Recovery rallies may continue while the support of Rs 210 remains undisturbed. Unexpected break below Rs 206 is a sign of liquidation pressure.

 

 

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