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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 19 April 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Inability to move past $2000 there are chances of corrective selloffs for the day. However, major downside reversal point is placed at $1890.

Silver LBMA Spot

Prices remain choppy inside $26.50-24 levels and breaking either the sides would suggest fresh direction for the commodity.

Crude Oil NYMEX

Consistent trades above $110 would lift prices further higher. Else, choppy with mild negative trades in cards for the day.

Gold KG Jun

While prices stays above Rs 52000 there are chances of recovery momentum to continue. Trend reversal point is placed at Rs 49000.

Silver KG May

As long as prices stays above Rs 68000 expect choppy with mild upside bias for the day. A direct drop below Rs 65000 is a weak sign.

Crude Oil Apr

Recovery momentum will continue if prices are unable to move past Rs 7800. Downside reversal point is seen at Rs 7100.

Natural Gas Apr

Bullish rallies to continue while prices stays above Rs 570. Break below Rs 538 prices would correct further.

Copper Apr

Expect choppy with mild positive bias trading as long as prices stay above Rs 828. Major downside support is seen at Rs 805..

Nickel Apr

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

Zinc Apr

Short term outlook remain positive while prices stays above Rs 365. A direct drop below Rs 343 is a weak sign.

Lead Apr

Prices may held with positive bias as long as the support of Rs 180 remain undisturbed.

Aluminium Apr

Inability to break the support of Rs 265 there are potential upside. A direct drop below the same is a weak sign.

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