19-04-2024 10:56 AM | Source: Geojit Financial Services Ltd
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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