01-01-1970 12:00 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 21 April 2023 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

As long as prices stay above $1980 would extend buying momentum. Else, corrective selling can be seen today.

Silver LBMA Spot

Dips likely to extend while the immediate resistance of $26 caps upside. However, a direct dip below $22 is a sign of downside reversal.

Crude Oil NYMEX

If unable to move past $76 expect a slight recovery uptick. Else, weak momentum may continue the day.

Gold KG Jun

Choppy with mild corrective selloffs may see as long as Rs 61500 caps the upside. However major support is placed at Rs 59500.

Silver KG May

While prices stay above Rs 75000 may see extension of rallies. Else, choppy with negative bias trading expected the day.

Crude Oil May

It is required to sustain above Rs 6500 to trigger recovery upticks. Else, weak momentum is on the cards for the day.

Natural Gas Apr

Further selling pressure is expected only a break of Rs 176. Inability to move past the same expect recovery rallies.

Copper Apr

Choppy with corrective selloffs are likely as long as Rs 772 caps the upside.

Nickel Apr

Expect choppy with thin volume trading in the near future.

Zinc Apr

If unable to break the support of Rs 244 expect recovery upticks. A direct drop of which would trigger further liquidation pressure.

Lead Apr

Expect a congested trade inside Rs 184-180 levels and breaking any of the sides would suggest fresh directional moves.

Aluminium Apr

A direct lift above Rs 215 would extend rallies. Else, selling pressure would extend the day as well.

 

 

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