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01-04-2024 09:56 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 1 April 2024 -Geojit Financial Services

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Gold LBMA Spot:

Outlook remain bullish and expect rallies would continue the day.

Silver LBMA Spot:

Break above $25.50 would extend rallies. Else, intraday bias mostly on the weaker side.

Crude Oil NYMEX:

Upticks would continue initially but it required breaking $84 for major rallies. Downside reversal point is placed at $76.

Gold KG Apr:

Bullish rallies remain intact and the downside reversal point is seen only below Rs 65500.

Silver KG May:

Upticks likely to continue initially. Immediate downside turnaround point is seen at Rs 74000.

Crude Oil Apr:

Upticks may see initially but it required to break at Rs 7000 to trigger major rallies.

Natural Gas Apr:

Pullback rallies likely to extend prices higher. Anyhow major resistance is seen at Rs 155.

Copper Apr:

Immediate upside resistance of Rs 775 needs to be cleared for further rallies. Downside reversal point is seen at Rs 730.

Nickel Apr:

Expect choppy with thin volume trading in the near future.

Zinc Apr:

Choppy trading expected initially. Major resistance is seen at Rs 227.

Lead Apr:

Recovery rallies may see as long as the support of Rs 177 remain hold downside.

Aluminium Apr:

Stiff resistance is seen at Rs 209.50 which needs to be cleared for further major rallies.

 

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