IGI Logo

Gold LBMA Spot

Recovery upticks are on cards as long as the support of $1875 remain undisturbed. A direct drop below $1875 would continue liquidation pressure.

Silver LBMA Spot

While prices stay below $23 there are potential downside for the day. A direct rise above $23.80 is an early recovery signal.

Crude Oil NYMEX

Choppy trading with mild upside bias expected the day. A direct drop below $93 is a major weak signal.

Gold KG Jun

Choppy with mild negative bias expected initially. However, a direct drop below Rs 50600 would trigger sharp selling pressure.

Silver KG May

Inability to move past Rs 65000 liquidation pressure would continue the day. A direct rise above Rs 67000 could negate the intraday bearish view.

Crude Oil May

Recovery bias can be seen if prices constantly trades above Rs 7900. Immediate reversal point is seen at Rs 7400.

Natural Gas May

While prices stays above Rs 550 bullish outlook remains on cards for the day. A direct drop below Rs 520 is a sign of corrective selling.

Copper May

Expect choppy with mild negative bias trading as long as prices stay below Rs 812. Upside turnaround point is placed at Rs 824.

Nickel May

Prices remain range bound inside Rs 2300-2600 levels and breaking either the sides would suggest fresh short term directions.

Zinc May

Short term outlook remain choppy with negative while prices stays below Rs 360. A direct rise above Rs 365 would take prices higher.

Lead May

A direct rise above Rs 186 would take prices higher. Else, weak bias to continue the day.

Aluminium May

As long as prices stay below Rs 255 weak bias to continue the day. A direct rise above Rs 260 is a positive sign.

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 Disclaimer