Commodity Intraday Technical Outlook 27 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:
Initial bias most likely choppy $82.50-80.50 levels and breaking any of the sides would suggest fresh directional moves.
Gold KG Apr:
Inability to break the support of Rs 64200 prevailing bullish outlook remain intact in the counter.
Silver KG May:
If unable to move past Rs 75500 intraday bias mostly on the weaker side.
Crude Oil Apr:
Expect a choppy with mild weak bias trading for the day.
Natural Gas Apr:
A direct break below Rs 145 would extend further weakness. Else, mild recovery can be seen.
Copper Apr:
Choppy with mild 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:
Consistent trades above Rs 209 is required to extend rallies. Else, corrective selloffs expected the day.
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