Commodity Intraday Technical Outlook 08 April 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Choppy with recovery rallies expected the day. Corrective selloffs expected only below $2750.
Silver LBMA Spot
Choppy trades is on the cards initially. A direct fall below $28 is a sign of liquidation.
Crude Oil NYMEX
If unable to move past the support of $60, there are chances of recovery rallies.
Gold KG Apr
Expect a volatile trade initially but stiff support is placed at Rs 86500.
Silver KG Apr
Prices likely to be choppy with positive bias initially. A direct drop below Rs 86400 is a sign of liquidation.
Crude Oil Apr
Turnaround is expected only a direct rise above Rs 5350. If not, choppy trades would continue.
Natural Gas Apr
A direct drop below Rs 320 would extend selloffs. Else, recovery rallies expected.
Copper Apr
Weak bias likely to continue with stiff support is placed at Rs 800.
Nickel Apr
Prices remain choppy with nil volume.
ZincM Apr
Further selloffs expected only below Rs 252. If not, recovery rallies is likely for the day.
LeadM Apr
If prices stay above Rs 178 there are potential upside.
AluminiumM Apr
A mild turnaround is expected initially. Direct drop below Rs 230 would trigger further liquidation.
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