Intraday Technical Outlook 04 April 2022 - Geojit Financial Services
Gold LBMA Spot
Choppy trades remains on cards for the day. Break above the major resistance of $1965 would continue rallies. Further liquidation pressure is anticipated only a close below $1890.
Silver LBMA Spot
Inability to break the support of $24 there are chances of recovery upticks. A direct drop below the same would liquidate prices further.
Crude Oil NYMEX
Consistent trades below $97 selling pressure to continue the day. Recovery upticks are seen only a close above $105.
Gold KG Apr
Prices most likely congested inside Rs 50300-52000 levels and breaking either the sides would suggest fresh short term direction.
Silver KG May
Choppy with mild positive bias expected. Immediate and major upside turnaround point is seen at Rs 68000.
Crude Oil Apr
Expect a choppy trading initially. However, consistent trades above Rs 7400 prices would liquidate further.
Natural Gas Apr
Outlook continue to be choppy with mild positive. A direct drop below Rs 415 would negate the view and take prices lower.
Copper Apr
Expect a choppy trading inside Rs 810-835 is likely for the day. However, breaking any of the sides would suggest fresh short term direction.
Nickel Apr
Expect a upside turn around in prices as long as the support of Rs 2000 hold downside. Unexpected drop below the same weakness would continue.
Zinc Apr
Positive momentum may continue the day. However, a direct drop below Rs 342 is a weak signal.
Lead Apr
Consistent trades above Rs 188 would trigger further rallies. Else, expect weak bias.
Aluminium Apr
Inability to break Rs 280 there are chances of recovery moves. Else, it may continue weakness.
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
Top News
FTA negotiations between India, UK result in draft treaty text advancing across majority of ...
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...