25-04-2024 10:04 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 250April 2024 - Geojit Financial Services Ltd

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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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