Powered by: Motilal Oswal
01-01-1970 12:00 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 28 April 2023 - Geojit Financial Services
News By Tags | #473 #4943

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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