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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