Commodity Intraday Technical Outlook 10 April 2024 - Geojit Financial Services Ltd
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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