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03-04-2024 12:09 PM | Source: Geojit Financial Services
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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