Commodity Intraday Technical Outlook 31 March 2023 - Geojit Financial Services
Gold LBMA Spot
Upticks would continue initially but a direct break above $2000 would trigger fresh rallies. A direct dip below $1920 is a sign of weakness.
Silver LBMA Spot
While prices stay above $23.50 would continue rallies. Else, corrective selling pressure is likely for the day.
Crude Oil NYMEX
Recovery rallies may continue while prices stay above $74. A direct dip below $72 expect to stigger selling pressure.
Gold KG Apr
Outlook remains positive as long as prices stay above Rs 58500. A close below Rs 57900 is a sign of weakness.
Silver KG May
Bullish rallies may continue as long as the support of Rs 70000 remains undisturbed. A close below Rs 66000 is a sign of liquidation pressure.
Crude Oil Apr
Upticks may continue while the support of Rs 5980 remains hold downside. Consistent trades below the same would trigger selling pressure.
Natural Gas Apr
Selling pressure may continue if prices remains below Rs 185. a direct turn above Rs 192 could negate the trend.
Copper Apr
A direct rise above Rs 784 would trigger rallies. Else, may see choppy trading session for the day.
Nickel Apr
Expect choppy with thin volume trading in the near future.
Zinc Apr
If unable to move past Rs 262 there are chances of corrective selling pressure.
Lead Apr
Expect a choppy trading inside Rs 183-181 levels and breaking any of the sides would suggest fresh direction for the day.
Aluminium Apr
Recovery rallies may continue while the support of Rs 206 remains holds downside. A direct dip below R 202 would trigger selling pressure.
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