Commodity Intraday Technical Outlook 250April 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Initial sentiment mostly choppy with mild negative. However broad outlook remains on the positive side.
Silver LBMA Spot
Consistent trades below $27 would extend liquidation. Else, recovery upticks are on the cards.
Crude Oil NYMEX
Choppy with volatile action seen today. Anyhow stiff downside support is placed at $80.
Gold KG Jun
It is required to break Rs 73200 to lift prices higher. Else, mild correction is on the cards.
Silver KG May
Choppy with corrective selloffs expected the day. Stiff resistance s seen at Rs 82900.
Crude Oil Apr
Expect a choppy trading initially. A direct drop below Rs 6800 would liquidate prices further.
Natural Gas Apr
As long as Rs 152 remain caps upside, expect selling pressure for the day.
Copper May
Break above Rs 852 would lift prices further higher. Else, it may see choppy trading.
Nickel May
Expect choppy with thin volume trading in the near future.
Zinc May
Expect a choppy trade inside Rs 250-246 levels and either side breakout would suggest fresh direction.
Lead May
While above Rs 191 it may extend recovery rallies. Stiff support is placed at Rs 186.
Aluminium May
If unable to move past Rs 242, intraday bias mostly on the weaker side.
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