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01-03-2024 10:28 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 1 March 2024 -Geojit Financial Services

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Gold LBMA Spot:

Consistent trades above $2045 would lift prices further higher. Else, corrective selloffs would continue the day.

Silver LBMA Spot:

A direct drop below $21.80 would extend selling pressure. Else, recovery rallies are expected.

Crude Oil NYMEX:

A direct drop below $75 there are chances of more selling pressure. If not, may see recovery upticks.

Gold KG Apr:

While above Rs 62400 there are chances of recovery upticks to continue the day.

Silver KG Mar:

A direct break below Rs 69000 would trigger another round of selling pressure. Else, recovery upticks can be seen today.

Crude Oil Mar:

Immediate resistance is seen at Rs 6600, break of the same would trigger another round of fresh rallies.

Natural Gas Mar:

Mild upticks are on the cards as long as the support of Rs 133 remain undisturbed.

Copper Mar:

Prices remain choppy while prices stay below Rs 730.

Nickel Mar:

Expect choppy with thin volume trading in the near future.

Zinc Mar:

Inability to move past Rs 210 there are chances of recovery rallies for the day.

Lead Mar:

Outlook remains on the weaker side as long as prices stay below Rs 180.

Aluminium Mar:

Recovery momentum may continue while it stay above Rs 199. Consistency below Rs 197 is a sign of further weakness.

 

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