Commodity Intraday Technical Outlook 30 April 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Choppy with mild negative bias expected initially. Anyhow consistent trades below $2320 would correct prices further.
Silver LBMA Spot
Inability to move past $ 27.50 there are potential selling pressure for the day.
Crude Oil NYMEX
Further rallies are seen only above $84. Inability to break it would see corrective sell offs.
Gold KG Jun
It required to break above Rs 72000 to trigger rallies. Else, mild correction is on the cards.
Silver KG Jul
Expect a choppy trade inside Rs 83500-81000 initially and either sides breakout would suggest fresh directions.
Crude Oil May
Inability to move past Rs 7000, intraday bias mostly on the weaker side.
Natural Gas May
Recovery rallies likely to continue while prices stay above Rs 165. If not, expect weakness for the day.
Copper May
Choppy trading expected initially but there are still potential upticks later.
Nickel May
Expect choppy with thin volume trading in the near future.
Zinc May
Consistent trades above Rs 250 would extend rallies. Else, weakness is expected the day.
Lead May
Consistent trades above Rs 190 would extend rallies.
Aluminium May
As long as Rs 234 hold downside, there are potential rallies are on the cards.
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