Commodity Intraday Technical Outlook 22 April 2024 - Geojit Financial Services Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Gold LBMA Spot
Initial sentiment mostly choppy with mild negative. However broad outlook remains on the positive side.
Silver LBMA Spot:
If unable to break the resistance of $29 there are chances of selling pressure. A direct rise above the same would lift prices higher.
Crude Oil NYMEX:
Choppy with volatile action seen today. Anyhow stiff downside support is placed at $80.
Gold KG Apr:
It is required to break Rs 73200 to lift prices higher. Else, mild correction is on the cards.
Silver KG May:
Further major rallies expected only above Rs 84500. If unable to so may see corrective selloffs.
Crude Oil Apr:
Expect a choppy trading initially. A direct drop below Rs 6800 would liquidate prices further.
Natural Gas Apr:
Choppy with mild positive bias trading expected the day as long as it stays above Rs 142.
Copper Apr:
Bullish rallies would continue while the support of Rs 852 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:
While above Rs 191 it may extend recovery rallies. Stiff support is placed at Rs 186.
Aluminium Apr:
As long as prices stay above Rs 238 bullish outlook remains on the cards.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
