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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