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01-01-1970 12:00 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 20 April 2023 - Geojit Financial Services
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Gold LBMA Spot

Consistent trades below $1980 would extend selling pressure. Else, buying momentum may continue the day.

Silver LBMA Spot

Mild recovery upticks can be seen as long as $24.50 remains hold downside. However, a direct dip below $22 is a sign of downside reversal.

Crude Oil NYMEX

Corrective selling likely to continue while prices stay below $82. Further rallies are seen only a close above $84.

Gold KG Jun

Recovery rallies can be seen if prices consistently trades above Rs 60500. A direct dip below Rs 59500 would extend selling pressure.

Silver KG May

While prices stay above Rs 75000 may extend bullish rallies. Else, choppy with negative bias trading expected the day.

Crude Oil Apr

Selling pressure may see if the resistance of Rs 6700 remains caps upside. However, stiff resistance is paled at Rs 6850.

Natural Gas Apr

As long as prices stay above Rs 178 it may extend rallies. An unexpected drop below Rs 165 is a sign of liquidation.

Copper Apr

Choppy trading expected initially. Fresh rallies are expected only a break above Rs 785.

Nickel Apr

Expect choppy with thin volume trading in the near future.

Zinc Apr

Break above Rs 250 may see recovery upticks. A direct drop of Rs 245 can see liquidation pressure.

Lead Apr

A direct break above Rs 184 would extend buying pressure. If not, there are chances of corrective selling for the day.

Aluminium Apr

As long as Rs 212 hold downside expect recovery upticks. A direct dip below Rs 208 is a sign of reversal

 

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