IGI Logo

Gold LBMA Spot

Weak bias to continue while prices stay below the support of $1848. A direct turn above $1890 is recovery signal.

Silver LBMA Spot

Bearish momentum may continue while prices stay below $23. Recovery moves are anticipated only consistent trades above $23.50.

Crude Oil NYMEX

Choppy trading remains on cards. However it needs to break the support of $97 to continue weakness.

Gold KG Jun

As long as prices stay below the support of Rs 50600 would extend weakness.

Silver KG May

Major support is seen at Rs 60000. Consistent trades below the same would extend weakness. Else, there are chances of mild recovery upticks.

Crude Oil May

Further rallies are seen only above Rs 8100. Else, expect mild negative bias trading for the day.

Natural Gas May

Choppy with negative bias is on cards. Meanwhile, it needs to break Rs 572 to trigger fresh rallies.

Copper May

Expect choppy with mild negative bias trading as long as prices stay below Rs 762. Upside turnaround point is placed at Rs 798.

Nickel May

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

Zinc May

Weak bias to continue while as prices cleared the stiff support of Rs 320.

Lead May

If unable to move past Rs 180 expect recovery upticks for the day. A direct drop below the same wis major selling signal.

Aluminium May

It required to break Rs 230 to extend weakness. Else, there are chances of recovery upticks for the day.

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