Commodity Intraday Technical Outlook 28 March 2024 -Geojit Financial Services
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Gold LBMA Spot:
Expect a choppy trading 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:
Prices remain congested inside $82.50-80.50 levels and breaking any of the sides would suggest fresh directional moves.
Gold KG Apr:
As long as prices hold 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:
Choppy with mild negative bias trading is likely for the day.
Natural Gas Apr:
A direct break below Rs 145 would extend further weakness. Else, mild recovery can be seen.
Copper Apr:
Range bound trading may see initially. A direct drop below Rs 745 would extend weakness.
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:
A direct drop below Rs 206 would extend weakness. Else, mild recovery upticks can be seen today.
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