Commodity Intraday Technical Outlook 24 March 2023 - Geojit Financial Services
Gold LBMA Spot
Gold LBMA Spot A direct break above $2000 would continue rallies. Else, there are chances of choppy trading for the day.
Silver LBMA Spot
Silver LBMA Spot As long as prices stay above $22.50 upticks would continue. An unexpected dip below $20 could negate the trend.
Crude Oil NYMEX
Crude Oil NYMEX If unable to move past $70 expect corrective selloffs to continue the day. A direct rise above the same could negate the trend.
Gold KG Apr
Gold KG Apr Intraday outlook remains positive as long as prices stay above Rs 58500. A close below Rs 57900 would trigger corrective selling pressure.
Silver KG May
Silver KG May As prices cleared the resistance of Rs 70000 expect rallies to continue the day. A direct dip below Rs 67500 is a weak sign.
Crude Oil Apr
Crude Oil Apr Inability to move past the resistance of Rs 5900 expect to see corrective selling pressure. Consistency above the same would trigger fresh rallies.
Natural Gas Mar
Natural Gas Mar While prices stay below Rs 190 expect liquidation pressure to continue the day.
Copper Mar
Copper Mar A direct rise above Rs 784 would trigger rallies. Else, may see corrective selling pressure.
Nickel Mar
Nickel Mar Expect choppy with thin volume trading in the near future.
Zinc Mar
Zinc Mar If Rs 252 remains hold downside, expect to see recovery upticks. Consistency below the same would trigger liquidation
Lead Mar
Lead Mar Choppy trading inside Rs 184-180 levels and breaking any of the sides would suggest fresh direction for the day.
Aluminium Mar
Aluminium Mar As long as the support of Rs 200 holds expect recovery pullback. A direct drop of which would trigger liquidation pressure.
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