04-04-2024 11:31 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 4 April 2024 - Geojit Financial Services

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer