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02-04-2024 10:12 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 2 April 2024 -Geojit Financial Services

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Gold LBMA Spot:

Outlook remain bullish and expect rallies would continue the day.

Silver LBMA Spot:

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

Crude Oil NYMEX:

Consistent trades above $84 would extend rallies. Downside reversal point is placed at $76.

Gold KG Apr:

Bullish rallies remain intact and the downside reversal point is seen only below Rs 65500.

Silver KG May:

Resistance of Rs 77000 needs to be cleared for further rallies. Else, corrective selloffs are in the cards.

Crude Oil Apr:

Upticks may see initially but it required to stabilise above Rs 7000 to trigger major rallies.

Natural Gas Apr:

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

Copper Apr:

Break above Rs 770 may see extension of rallies. Else, choppy trading expected the day.

Nickel Apr:

Expect choppy with thin volume trading in the near future.

Zinc Apr:

Break below Rs 216 would extend selling pressure. Else, recovery upticks are expected.

Lead Apr:

Recovery rallies may see as long as the support of Rs 177 remain hold downside.

Aluminium Apr:

If prices stabilise above Rs 209.50 would see fresh upticks for the day. Else, choppy trades are on the cards.

 

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