Commodity Intraday Technical Outlook 25 April 2023 - Geojit Financial Services
Gold LBMA
Spot Buying momentum may continue as long as prices stay above $1980. Consistent trades below the same would call for selling pressure.
Silver LBMA
Spot Further selloffs are expected only a break below $24. If unable to break the same would trigger recovery rallies.
Crude Oil NYMEX
A direct break below $76 may extend selling pressure. Else, there are chances of recovery upticks.
Gold KG Jun
Prices remains choppy inside Rs 59500-60500 levels and breaking any of the sides would suggest fresh directional moves.
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
If prices sustain above Rs 6500 would trigger recovery upticks. A direct dip below the same is a weak signal.
Natural Gas Apr
Inability to move past Rs 176 recovery upticks are on the cards. Consistent trades below the same is a sign of short term weakness.
Copper Apr
Break above the stiff resistance of Rs 772 may see buying interest. Inability to do so may see choppy with corrective selling pressure.
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
Prices remain congested inside Rs 184-180 levels and breaking any of the sides would suggest fresh directional moves.
Aluminium Apr
Weakness likely to extend if prices are unable to move past Rs 213. A direct lift above Rs 215 would extend rallies.
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