Commodity Intraday Technical Outlook 28 April 2023 - Geojit Financial Services
Gold LBMA Spot
Choppy with mild upticks expected initially. However, consistent fall below $1960 is an immediate sign of downside reversal.
Silver LBMA Spot
As long as the support of $24 remains hold, expect recovery rallies. Unexpected drop below the same would trigger weakness in the counter.
Crude Oil NYMEX
Further weakness expected only a break of $74. Inability to move past the same would see recovery upticks.
Gold KG Jun
Break below Rs 59500 may extend weak bias. If the support remains holds expect mild buying pressure for the day.
Silver KG May
If prices break above Rs 76000 would extend rallies. Else, choppy with corrective selling pressure is on the cards.
Crude Oil May
Weak bias to continue while prices stay below Rs 6250. A direct rise above the same could negate the trend.
Natural Gas May
Recovery pullbacks are likely as long as Rs 182 remains undisturbed. Further liquidation is seen only a direct fall below Rs 174.
Copper May
Recovery upticks can see initially. A direct drop below Rs 730 is a weak signal.
Nickel May
Expect choppy with thin volume trading in the near future.
Zinc May
As long as Rs 232 remains holds, expect recovery rallies. Else, it may continue selling pressure.
Lead May
Break below Rs 181 would trigger further liquidation pressure. Else, expect mild recovery upticks.
Aluminium May
Further selloffs are seen only a break of Rs 204. If unable to break the same may extend recovery rallies.
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