10-04-2024 11:07 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 10 April 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot:

Outlook remain bullish and expect rallies would continue the day.

Silver LBMA Spot:

Consistent trades above $28 would extend the bullish outlook. Else, choppy trading expected the day.

Crude Oil NYMEX:

Inability to move past $87, corrective selling pressure expected the day.

Gold KG Apr:

Bullish outlook remain intact and the immediate downside reversal point is seen only below Rs 69100.

Silver KG May:

As long as prices stay above Rs 82000 intraday outlook remains on the positive side. Immediate reversal point is seen at Rs 78000.

Crude Oil Apr:

Corrective selloffs are likely for the day. Anyhow stiff support is placed at Rs 7000.

Natural Gas Apr:

If the support of Rs 145 remain undisturbed, expect recovery upticks for the day.

Copper Apr:

Choppy trades inside Rs 825-810 expected initially and either side breakout would direct further moves.

Nickel Apr:

Expect choppy with thin volume trading in the near future.

Zinc Apr:

Break above Rs 238 would extend rallies. Else, weakness is on the cards.

Lead Apr:

Intraday outlook seems choppy initially. Downside reversal point is placed at Rs 177.

Aluminium Apr:

Expect a congested trade inside 226-221 levels and breaking any of the sides would suggest fresh directional moves.

 

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