Commodity Intraday Technical Outlook 04 April 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Inability to move past $3050 there are more potential upsides in the counter.
Silver LBMA Spot
Break below $30.50 would extend selling pressure. If it holds may see recovery upticks.
Crude Oil NYMEX
Stiff support below $66 would trigger another around of liquidation.
Gold KG Apr
Break below Rs 87500 is a sing of more corrective selloffs. Else, rallies would continue.
Silver KG Apr
Prices likely to be choppy initially. Anyhow, a direct drop below Rs 94000 would extend liquidation.
Crude Oil Apr
Intraday momentum mostly choppy but stiff resistance is placed at 5860
Natural Gas Apr
A direct drop below Rs 340 likely to extend weakness. Else, recovery upticks expected.
Copper Apr
Weakness likely to continue but stiff support at Rs 855.
Nickel Apr
Prices remain choppy with nil volume.
ZincM Apr
Break below Rs 258 would trigger another round of liquidation. Else, recovery rallies expected.
LeadM Apr
As long as Rs 178 hold downside, there are chances of recovery upticks.
AluminiumM Apr
Weak bias may continue with stiff support zone is placed around Rs 232-236 regions.
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