Commodity Intraday Technical Outlook 19 April 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Bullish outlook likely to continue the day. Siff support is seen at $2320.
Silver LBMA Spot:
If unable to break the support of $27.50 intraday outlook mostly on the positive side.
Crude Oil NYMEX:
A sharp recovery in prices can seen today. Stiff support is placed at $82.
Gold KG Apr:
Upticks would continue initially. Dow
Silver KG May:
Further major rallies expected only above Rs 84500. If unable to so may see corrective selloffs.
Crude Oil Apr:
Intraday momentum mostly takes prices higher while it stays above Rs 7100.
Natural Gas Apr:
Choppy with mild positive bias trading expected the day as long as it stays above Rs 142.
Copper Apr:
Recovery rallies would continue while the support of Rs 835 remain undisturbed.
Nickel Apr:
Expect choppy with thin volume trading in the near future.
Zinc Apr:
Positive outlook likely to extend initially. A break below Rs 238 would trigger weakness.
Lead Apr:
Expect a rangebound trade inside Rs 190-186 levels and either side breakout would suggest fresh directions.
Aluminium Apr:
As long as prices stay above Rs 238 bullish outlook remains on the cards.
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