24-04-2024 09:53 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 24 April 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Initial bias most likely choppy. Anyhow consistent trades below $2320 would correct prices further.

Silver LBMA Spot:

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

Crude Oil NYMEX:

Expect a tight range bound trade inside $84-81 levels and breaking either

Gold KG Apr:

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

Silver KG May:

While prices stay below Rs 81000 intraday sentiment mostly choppy with mild negative.

Crude Oil Apr:

Further selloffs expected only below Rs 6740. If it remains holds expect recovery upticks.

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 remain on the cards but it needs breaking Rs 248 to trigger major rallies.

Lead Apr:

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

Aluminium Apr:

Expect a range bound trade for the day. However consistent trades below Rs 232 would extend correction.

 

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