Commodity Intraday Technical Outlook 15 March 2024 -Geojit Financial Services
Gold LBMA Spot:
While prices stays above $2150 it may continue the bullish outlook.
Silver LBMA Spot:
As long as prices stay above $24.50 it may extend bullish rallies. Else, choppy trading is on the cards.
Crude Oil NYMEX:
Consistent trades above $81 would extend rallies. Else, choppy trades expected the day.
Gold KG Apr:
Bullish outlook remains on the cards. Immediate downside reversal point is seen at Rs 64200.
Silver KG May:
Upticks likely to continue initially. Immediate downside turnaround point is seen at Rs 74000.
Crude Oil Mar:
While prices stay above Rs 6600 may extend buying pressure. Else, choppy trades are on the cards.
Natural Gas Mar:
There are chances of mild pullback as long as the support of Rs 138 remain hold downside.
Copper Mar:
Prices most likely choppy for the day. Downside reversal point is seen at Rs 730.
Nickel Mar:
Expect choppy with thin volume trading in the near future.
Zinc Mar:
Further rallies are seen only above Rs 226. If not expect a range bound trading for the day.
Lead Mar:
If prices stays above Rs 181 it may extend rallies. Else, choppy with corrective selling pressure is likely.
Aluminium Mar:
If is required to break above the stiff resistance of Rs 205 to continue rallies. Else, corrective downside expected the day.
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