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

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

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.

 

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer