Powered by: Motilal Oswal
2024-04-04 11:31:02 am | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 4 April 2024 - Geojit Financial Services

Gold LBMA Spot:

Outlook remain bullish and expect rallies would continue the day.

Silver LBMA Spot:

Bullish rallies would continue while prices stay above $25.50. Direct drop below $24.20 is a weak signal.

Crude Oil NYMEX:

Choppy with mild positive bias expected the day. Unexpected drop below $81 is reversal sign.

Gold KG Apr:

Bullish outlook remain intact and the downside reversal point is seen only below Rs 65500.

Silver KG May:

While above Rs 77000 bullish rallies remain intact in the counter. 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:

Consistent trades above Rs 165 would see further rallies. Else, choppy trades expected the day.

Copper Apr:

Bullish bias likely to take prices further higher the day. Stiff support is placed at Rs 775.

Nickel Apr:

Expect choppy with thin volume trading in the near future.

Zinc Apr:

As long as prices stay above Rs 225 would see further rallies in prices.

Lead Apr:

Recovery rallies may see as long as the support of Rs 177 remain hold downside.

Aluminium Apr:

Bullish rallies would extend the day as well. Stiff support is seen at 214.

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here