23-04-2024 10:34 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 23 April 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

A direct drop below $2320 would correct prices further. Else, recovery upticks would be seen today.

Silver LBMA Spot:

Stiff support is placed at $27 if unable to break the same would see mild recovery rallies.

Crude Oil NYMEX:

As long as the support of $81 remain hold less likely for major selloffs. Unexpected drop of which would liquidate prices.

Gold KG Apr:

Consistent trades above Rs 72000 would trigger rallies. Else, mild correction is on the cards.

Silver KG May:

Corrective selloffs may continue while prices stay below Rs 81000.

Crude Oil Apr:

Consistent trades below Rs 6800 would liquidate prices further. Else, mild recovery moves expected the day.

Natural Gas Apr:

Likely for mild positive bias trading as long as prices stays above Rs 142.

Copper Apr:

Choppy trading expected initially but there are still potential upticks later.

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:

If unable to move past Rs 190 there are potential downside for the day.

Aluminium Apr:

Broad outlook remain positive but it required breaking Rs 244 to extend rallies. Else weak bias expected the day.

 

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