Commodity Intraday Technical Outlook 27 February 2024 -Geojit Financial Services
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Gold LBMA Spot:
It is required to break above $2045 to trigger recovery rallies. Else, corrective selloffs would continue the day.
Silver LBMA Spot:
Outlook remains bearish as long as prices stay below $23.50.
Crude Oil NYMEX:
A direct drop below $75 there are chances of more selling pressure. If not, may see recovery upticks.
Gold KG Apr:
Inability to move past Rs 62400 there are chances of selling pressure to continue the day.
Silver KG Mar:
A direct break below Rs 69000 would trigger another round of selling pressure. Else, recovery upticks can be seen today.
Crude Oil Mar:
Break below the support of Rs 6300 would see extension of weakness. Else, likely for recovery upticks for the day.
Natural Gas Feb:
Mild upticks are on the cards as long as the support of Rs 133 remain undisturbed.
Copper Mar:
Weak bias likely to continue while prices stay below Rs 730.
Nickel Mar:
Expect choppy with thin volume trading in the near future.
Zinc Mar:
Inability to move past Rs 210 there are chances of recovery rallies for the day.
Lead Mar:
Outlook remains on the weaker side as long as prices stay below Rs 180.
Aluminium Mar:
Intraday support is seen at Rs 197, which if cleared would extend weakness. Else recovery rallies are possible.
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