Commodity Intraday Technical Outlook 26 April 2024 - Geojit Financial Services Ltd
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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