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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 29 March 2023 - Geojit Financial Services
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Gold LBMA Spot

Inability to move past $2000 there are chances of choppy trading for the day. However major liquidation is unlikely unless breaking the support of $1920.

Silver LBMA Spot

Consistent trades above $23.50 required to trigger rallies. Else, corrective selling pressure is likely for the day.

Crude Oil 

Break above $74 expect rallies to continue the day. Else, mild negative bias is on the cards.

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

Choppy with mild corrective selling pressure is likely if Rs 71000 remains caps the upside. Major support is placed at Rs 67500.

Crude Oil Apr

As long as prices stay above Rs 6100 expect to see corrective selling pressure. Consistency above the same would trigger fresh rallies.

Natural Gas Mar

Weak bias likely to extend while prices stay below Rs 175. A direct turn above Rs 192 is a sign of reversal.

Copper Apr

A direct rise above Rs 784 would trigger rallies. Else, may see corrective selling pressure.

Nickel Apr

Expect choppy with thin volume trading in the near future.

Zinc Apr

Choppy trading inside Rs 259-254 expected initially and breaking any of the sides would suggest fresh directional moves for the day.

Lead Apr

Break below the support f Rs 282 expect selling pressure to continue the day. A direct rise above Rs 285 would trigger rallies.

Aluminium Apr

Recovery upticks may continue while prices stay above Rs 204. A direct dip below Rs 200 is a sign of weakness.

 

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