27-03-2024 10:02 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 27 March 2024 -Geojit Financial Services

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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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