18-03-2024 10:05 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 18 March 2024 -Geojit Financial Services

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Gold LBMA Spot:

While the broad trend remains bullish, expect a mild corrective selloffs for the day.

Silver LBMA Spot:

Break above $25.50 would extend rallies. Else, intraday bias mostly on the weaker side.

Crude Oil NYMEX:

Inability to break the support of $80 recovery upticks likely to continue the day.

Gold KG Apr:

Broad outlook remain bullish. 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:

Pullback rallies likely to extend prices higher. Anyhow major resistance is seen at Rs 155.

Copper Mar:

Positive outlook remain intact with immediate upside resistance is placed at Rs 775. 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:

Recovery rallies seen only above Rs 181. If not, weakness would continue the day.

Aluminium Mar:

Break above the stiff resistance of Rs 205 would continue rallies. Else, choppy trading is likely for the day.

 

 

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