Commodity Intraday Technical Outlook 11 March 2024 -Geojit Financial Services
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Gold LBMA Spot:
Bullish outlook remain intact in the counter as long as its stays above $2090.
Silver LBMA Spot:
Choppy with positive outlook expected initially. A direct drop below $23 could negate the trend.
Crude Oil NYMEX:
While below $78 intraday bias most likely on the weaker side. Stiff resistance is placed at $81.
Gold KG Apr:
Bullish outlook remains on the cards. Immediate downside reversal point is seen at Rs 64200.
Silver KG May:
Rangebound with mild upticks are likely as long as the support of Rs 72800 remain undisturbed.
Crude Oil Mar:
While prices stay below Rs 6500 intraday bias mostly on the weaker side. Further resistance is seen at Rs 6700.
Natural Gas Mar:
If unable to move past Rs 145 there are chances of recovery upticks for the day.
Copper Mar:
Support of Rs 724 if remain hold, intraday bias mostly on the positive side.
Nickel Mar:
Expect choppy with thin volume trading in the near future.
Zinc Mar:
Consistent trades above Rs 222 would extend rallies. Lese, choppy trading is expected the day.
Lead Mar:
Inability to break above Rs 182 weak bias is on the cards.
Aluminium Mar:
Choppy trading expected initially. A direct rise above Rs 204 would extend rallies.
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