Commodity Intraday Technical Outlook 4 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:
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.
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