13-03-2024 09:30 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 13 March 2024 -Geojit Financial Services

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Gold LBMA Spot:

While prices stays above $2090 intraday trend mostly on the positive side.

Silver LBMA Spot:

A direct break above $24.50 would extend bullish rallies. Else, choppy trading is on the cards.

Crude Oil NYMEX:

Prices remains choppy inside $81-76 levels, and breaking any of the sides would suggest fresh directional moves.

Gold KG Apr:

Bullish outlook remains on the cards. Immediate downside reversal point is seen at Rs 64200.

Silver KG May:

Rangebound with mild downside is likely as long as prices stay below Rs 74000.

Crude Oil Mar:

Choppy trading expected as long as prices stay below Rs 6500. Stiff upside obstacle is seen at Rs 6700.

Natural Gas Mar:

While prices stay below Rs 145 it may continue bearish outlook for the day.

Copper Mar:

Inability to move past Rs 730 positive outlook remain intact in the counter.

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:

If prices stays above Rs 181 it may extend rallies. Else, choppy with corrective selling pressure is likely.

Aluminium Mar:

Consistency above Rs 204 is needed to extend upticks. Else, choppy with mild corrective downside expected.

 

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