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2024-03-26 09:26:06 am | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 26 March 2024 -Geojit Financial Services

Gold LBMA Spot:

Prices likely to be choppy initially. Anyhow, the broad trend remains bullish.

Silver LBMA Spot:

A direct break above $25.50 would extend rallies. Else, intraday bias mostly on the weaker side.

Crude Oil NYMEX:

Positive outlook is intact as long as prices stays above $80. Downside reversal point is placed at $76.

Gold KG Apr:

Inability to break the support of Rs 64200 prevailing bullish outlook remain intact in the counter.

Silver KG May:

Expect choppy with mild upticks initially. Immediate downside turnaround point is seen at Rs 74000.

Crude Oil Apr:

Resistance is paled at Rs 7000, which needs to be cleared for further rallies.

Natural Gas Apr:

A direct break below Rs 132 would extend further weakness. Else, mild recovery can be seen.

Copper Apr:

Choppy with positive bias expected the day. Anyhow stiff resistance is seen at Rs 775.

Nickel Apr:

Expect choppy with thin volume trading in the near future.

Zinc Apr:

It is required to break above Rs 226 to extend rallies. Else, choppy with weak bias is on the cards

Lead Apr:

Recovery rallies seen only above Rs 181. If not, weakness would continue the day.

Aluminium Apr:

Recovery rallies is on the cards as long as prices stay above Rs 206.

 

 

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