Commodity Intraday Technical Outlook 3 April 2024 - Geojit Financial Services
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Gold LBMA Spot:
Outlook remain bullish and expect rallies would continue the day.
Silver LBMA Spot:
While prices stay above $25.50 may extend rallies. Direct drop below $24.20 is a weak signal.
Crude Oil NYMEX:
Consistent trades above $85 it may extend rallies. Unexpected drop below $81 is reversal sign.
Gold KG Apr:
Positive outlook remain intact and the downside reversal point is seen only below Rs 65500.
Silver KG May:
Upticks likely to continue initially. Immediate downside turnaround point is seen at Rs 74000.
Crude Oil Apr:
Choppy trading expected the day. A direct drop below Rs 7000 to trigger weakness.
Natural Gas Apr:
Immediate resistance of Rs 158 needs to be cleared for extend rallies. Else, prices remain copy.
Copper Apr:
A direct rise above Rs 775 would see further rallies. Downside reversal point is seen at Rs 730.
Nickel Apr:
Expect choppy with thin volume trading in the near future.
Zinc Apr:
Choppy trading expected inside Rs 225-218 levels, and breaking any of the sides would suggest fresh directions.
Lead Apr:
Recovery rallies may see as long as the support of Rs 177 remain hold downside.
Aluminium Apr:
Upticks would continue as long as prices stay above Rs 210. Downside turnaround point is seen at 204.
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