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15-04-2024 11:07 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 15 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:

Intraday bias expect corrective selloffs as long as Rs 82000 remains caps the upside.

Crude Oil NYMEX:

Choppy trading inside $84-87 levels expected initially and breaking any of the sides would suggest fresh directions.

Gold KG Apr:

Choppy trading is likely for the day. Downside reversal point is seen only below Rs 69100.

Silver KG May:

Stiff support is placed at Rs 81500, which if cleared could extend selling pressure.

Crude Oil Apr:

If unbale to move past Rs 7300 choppy with corrective downside is likely for the day

Natural Gas Apr:

While below the support of Rs 145 intraday momentum mostly on the weaker side.

Copper Apr:

Broad outlook remain bullish as long as prices stay above Rs 815.

Nickel Apr:

Expect choppy with thin volume trading in the near future.

Zinc Apr:

Positive outlook likely to see initially, but a break below Rs 238 would trigger weakness.

Lead Apr:

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

Aluminium Apr:

Bullish outlook remain intact and expect to continue the rally. Downside reversal point is placed at Rs 218.

 

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