28-03-2024 11:33 AM | Source: Geojit Financial Services
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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