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26-04-2024 09:41 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 26 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 an initial uptick but it required clearing $84 to extend the move.

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

Pullback rallies expected initially but stiff resistance is seen at Rs 7000.

Natural Gas May

If unable to break the support of Rs 132 there are chance of pullback rallies for the day.

Copper May

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

Nickel May

Expect choppy with thin volume trading in the near future.

Zinc May

Positive outlook remain on the cards as long as it stays above Rs 248.

Lead May

Consistent trades above Rs 190 would extend rallies.

Aluminium May

Likely for a choppy trade initially. Consistent trades below Rs 232 would extend correction.

 

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