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11-03-2024 09:35 AM | Source: Geojit Financial Services
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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